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 allowed for up to €2.000 per month per natural person in each credit institution.
2. Payments, other than cheques, to accounts held in other credit institutions are allowed for up to €10.000 per month per legal person in each credit institution, without presenting any justifying documents.
Fifth Decree for Temporary Restrictive Measures on Transactions (UNOFFICIAL TRANSLATION)
