Arab Today, arab today cyprus to lift last capital controls
Last Updated : GMT 22:05:35
Arab Today, arab today
Arab Today, arab today

Cyprus to lift last capital controls

Arab Today, arab today

Arab Today, arab today Cyprus to lift last capital controls

Nicos Anastasiades
Nicosia - AFP

Cyprus is to scrap its last remaining capital controls from April 6, two years after they were imposed in the heat of its banking crisis, President Nicos Anastasiades announced Friday.
In a televised news conference on the economy, Anastasiades said the last of the draconian measures -- imposed to avoid a run on banks -- would be lifted on Monday.
Improved trust from international markets and confidence in the financial system has allowed the gradual easing of restrictions.
"The removal of the remaining restrictions marks the final restoration of confidence in our banking system," said Anastasiades.
"This reinforces the positive outlook for raising investment under conditions of full trust and confidence," he said. "It strengthens the ability of the banks to raise capital and safely finance the economy."
Once the external controls are lifted, businesses and individuals will be allowed to transfer money abroad without restrictions.
Cyprus is the only eurozone member to have imposed such curbs.
Under the eased restrictions, residents have been allowed to transfer up to 20,000 euros ($21,700) out of Cyprus each month and travellers abroad could take as much as 10,000 euros per journey.
Cypriot authorities closed the banks for two weeks in March 2013 as they put the final touches on a 10-billion-euro bailout by the European Union and International Monetary Fund.
They imposed a raft of measures on domestic and international capital movements when the banks reopened.
All domestic capital restrictions were lifted last May, with the prohibition on opening bank accounts being the last.
After a three-year recession Cyprus expects to return to marginal growth this year.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cyprus to lift last capital controls Arab Today, arab today cyprus to lift last capital controls

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday