Greek banks offer incentives to lure back ‘mattress’ cash
Greek banks are offering higher interest rates to attract back billions of euros that savers pulled out in cash last year, as lenders bid to...
capital controls
Zoo animals in Athens at risk as crisis hits feed imports
By Lefteris Karagiannopoulos Curious and noisy, a group of Madagascar lemurs surround Jean-Jacques Lesueur, founder of Attica Park in Athens, unaware that the special biscuits...
Capital controls force credit insurers to review Greek cover
Credit insurers are reviewing their coverage of companies carrying out trade with Greece as a result of uncertainty over the solvency of Greek customers hit...
Greece in shock as banks shut after snap referendum call (Update 3)
By Karolina Tagaris and Michele Kambas Stunned Greeks faced shuttered banks, long supermarkets lines and overwhelming uncertainty on Monday as a breakdown in talks between...
Greece imposes capital controls as crisis deepens (Update 2)
By Lefteris Papadimas and George Georgiopoulos Greece closed its banks and imposed capital controls on Sunday to check the growing strains on its crippled financial...
Business sector lauds lifting of capital controls
The decision to lift capital restrictions showed that the banking system is stabilising, the banks’ association said on Monday, as the island put an end...
Day one following lifting of capital controls runs smoothly, banks say
By Stelios Orphanides Things were running smoothly today morning at Bank of Cyprus, the island’s largest lender, and several other banks on the first day...
Our View: Lifting cap control is welcome, but still long way to go
CONTROLS on the movement of capital that have been in place for the last two years will be lifted on Monday. This was positive development...
Cyprus to lift all capital controls on Monday (updated)
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....
CBC sees capital controls scrapped before end of Q1
Cyprus expects to fully lift capital controls imposed two years ago before the end of the first quarter of this year, Central Bank Governor Chrystalla Georghadji...
Intl. banks ready to help, want capital controls lifted
International banks operating in Cyprus could contribute greatly to the recovery of the island’s economy, the chairman of their association said, as he urged the...
Capital restrictions relaxed
By Stelios Orphanides Authorities relaxed restrictions on capital movement concerning domestic banks today by doubling the ceiling of transactions “within the ordinary business activity” not...
Capital controls will end when bank system stabilises
The Central Bank governor said on Monday all capital controls in currency outflows abroad would be lifted once the island’s banking system stabilised, saying she anticipated...
Last of domestic cap controls lifted
By George Psyllides The government on Friday abolished the last of the domestic capital controls, introduced last year to prevent a bank run after agreeing...
Cyprus abolishes maximum daily cash withdrawal limits
Cyprus abolished maximum daily cash withdrawal limits from bank accounts on Friday, a year after it imposed capital controls to prevent economic meltdown and a flight...
Icelander goes into currency cyberspace, Central Bank frowns
Iceland grew a little richer on Tuesday, at least in cyberspace, with the launch of a virtual currency its pseudonymous founder hopes will circumvent the...
Capital controls eased further
The finance ministry announced on Friday it was abolishing restrictions on fixed term bank deposits, introduced last year along with other capital controls to prevent...
Cyprus central bank says capital controls could be lifted by year-end
Cyprus could lift all capital controls by the end of this year if it makes sufficient progress adopting an international bailout programme and confidence is...
Capital controls to be relaxed as island exceeds targets (updated)
By George Psyllides FINANCE Minister Harris Georgiades said on Tuesday that significant relaxations to capital controls could be expected in the coming week as the...
Cyprus hopes to lift capital controls in the coming months
By Angelos Anastasiou PRESIDENT Nicos Anastasiades said the government hopes to lift capital controls, imposed after the March 2013 bailout, within the coming months. Anastasiades...