Vladimír Urbánek (Kurzy.cz)
Markets  |  March 28, 2013 16:25:49

Cyprus: Run on banks does not, restrictive measures worked, yet there is peace

Cypriot banks today after almost two weeks of forced vacation reopened before noon. According to agency reports, the interest on withdrawals but certainly not a massive "run" savers. The main merit of the restrictive measures for all banking operations. The management of the Bank of Cyprus for example, said they expected a much bigger rush reactions from clients are generally peaceful and there were no incidents. Between withdrawing a significant section of senior citizens. who do not have credit cards, another strong set of applicants for cashing checks or payment receipts.

The government tightened Ennio limit withdrawals and transfers to 300. Restrictions have also been made cashless payments and transfers of funds.

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