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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