(AP/Petros Karadjias)

Cypriots limited to 300-euro withdrawls

Cyprus' banks will reopen Thursday


Associated Press
March 27, 2013 11:04PM (UTC)

NICOSIA, Cyprus (AP) — Cyrpiots will only be allowed to withdraw 300 euros ($383) in cash each day when the country's banks open for the first time in more than a week Thursday, the state news agency says.

Credit or debit card payments abroad will be capped at 5,000 euros a day, while no checks will be cashed, although they can be deposited in bank accounts, the agency said Wednesday.

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Meanwhile, armed police officers guarded several trucks carrying containers arriving at the country's Central Bank in Nicosia. A helicopter hovered overhead.

Banks have been shut across the country since March 16 to prevent a run on deposits while politicians worked out a new plan to secure an international

Cash Is King in Cyprus


Associated Press

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