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    Cyprus banks braced for reopening

    euronews (in English)

    by euronews (in English)

    The Cypriot government has imposed tight restrictions on access to funds as the banks prepare to open for the first time in nearly two weeks.

    Among the moves to prevent a run on the banks is a 300 euro cap on withdrawals and a 3,000 euro limit on money allowed out of the country.

    The European Central Bank sent a plane containing 1.5 billion euros to Larnaca.

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