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 controls
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...
