Cyprus Banks End Daily Withdrawal Limit

The Euros 300 (Three Hundred) daily per person withdrawal limit from banks in Cyprus has ended. Also, fixed-interest time deposits may now be accessed before they have matured.

Under certain conditions, individuals wishing to open accounts in other banks may do so.

Restrictions still exist, however, when it comes to moving money overseas.

Cypriot officials have stated that they anticipate all controls being completely removed by the end of this year (2014).

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