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...
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...
The restrictive measures contained in the fourth Decree issued on 3 April 2013 remain the same as those in the third Decree dated 2 April 2013. The issuance of a new Decree was necessary due to the expiry of the third Decree on 3 April 2013 (midnight). Fourth Decree for Temporary Restrictive...
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...
A second 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 content: It is clarified that payments and/or transfers within the Republic, via debit and/or...
In order to safeguard the stability of the Cypriot banking system, it was deemed necessary to implement interim restrictive measures, which will gradually be lifted upon assessment of the situation. The temporary restrictions are: 1. The maximum amount of cash withdrawal shall not exceed €300 daily or its equivalent in foreign currency,...
