President Nicos Anastasiades said on Friday all capital controls imposed on the island in 2013 to stem a cash flight will be lifted on Monday.
“The lifting of the last restrictions marks the final restoration of confidence in our banking system,” Anastasiades said during a news conference.
It was the first time controls were imposed in the history of the eurozone.
It has since lifted all domestic controls but despite being eased significantly, some restrictions remain on international transactions.
Cypriot banks, he said, had fully severed their links with the Greek banking system following the 2013 crisis.