OrbitaxHeavy restrictions on capital movements enter into force
|Approved Changes|Cyprus; European Union
On 27 March 2013, the Cypriot Ministry of Finance adopted a decree relating to the capital export ban and the restrictions on the withdrawal of cash (the Decree). The Decree enters into force immediately for 4 days.
Details of the decree are described as follows:
| - | The daily limit on withdrawals is fixed to EUR 300 per person or its equivalent in any foreign currency. This limit is calculated per person, on an aggregate basis… |