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Cyprus News Agency: News in English, 13-08-02

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] FinMin issues tenth decree on foreign banks exempted from capital

    controls


  • [01] FinMin issues tenth decree on foreign banks exempted from capital controls

    Cyprus` Finance Ministry issued Friday the tenth decree on the international banks exempted from capital controls imposed in Cyprus following an agreement during the Euro Area Finance Ministers meeting on March 25 that has agreed on a €10 billion bailout for Cyprus, featuring an unprecedented haircut on uninsured deposits.

    The decree includes no changes in foreign banks exempted from the controls.

    The decree, which will remain in force for a thirty-day period, includes a list of 16 foreign credit institutions operating in Cyprus, that have already been exempted from capital controls.


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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