Tenth Decree for Temporary Restrictive Measures on Transactions

The Tenth Decree for Temporary Restrictive Measures on Transactions has come into force, which entails significant relaxations in the measures in place. The main changes made are: - An increase in the limit for transfers of money or cashless payments to accounts in other credit institutions in the Republic to €10.000 for individuals...

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Seventh Decree for Temporary Restrictive Measures on Transactions

The Seventh Decree of Temporary Restrictive Measures in Transactions was published. It contains clarifications in relation to payments and transfers to other credit institutions. In this context: 1. Money transfers are allowed up to €2.000 per month per natural person per institution to accounts held in other credit institutions in the Republic of Cyprus. 2. Money...

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Sixth Decree for Temporary Restrictive Measures on Transactions

The sixth Decree came into force on 11 April 2013. The Decree includes a further loosening of the capital controls first introduced on 27 March 2013. In this context: 1. Cashless payments and/or transfers of deposits/funds in an account held in another credit institution within the Republic of Cyprus is permitted up...

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Fifth Decree for Temporary Restrictive Measures on Transactions

A fifth Decree has been published with some modifications to the temporary restrictive measures on transactions. The Central Bank of Cyprus will closely monitor developments and make appropriate adjustments to ensure the stability of the financial sector. In this context: 1. Payments, other than cheques, to accounts held in other credit institutions are...

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Third Decree for Temporary Restrictive Measures on Transactions

A third Decree has been published with some modifications to the temporary restrictive measures on transactions. As mentioned before the credit institutions reopened, the Central Bank of Cyprus will closely monitor developments and make appropriate adjustments to ensure the stability of the financial sector. In this context: Payments through cheques to accounts held...

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