Arab Today, arab today no decision yet on reopening cypriot banks
Last Updated : GMT 20:56:46
Arab Today, arab today
Arab Today, arab today

No decision yet on reopening Cypriot banks

Arab Today, arab today

Arab Today, arab today No decision yet on reopening Cypriot banks

Nicosia - AFP

No decision has yet been taken on whether commercial banks in Cyprus will open as scheduled on Tuesday after a 10-day lockdown imposed on fears of a run on deposits, the Central Bank said. Contacted by AFP, a Central Bank official said there had been \"no decision yet\" on whether banks would reopen, following a bailout agreement for the debt-hit island reached with the eurozone earlier Monday. The Bank meanwhile announced the appointment on Monday of an administrator to wind up second largest lender Laiki under a painful restructuring plan that was a condition of the eurozone bailout.

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