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…
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:…
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…
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…
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:…
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…