Thursday Jul 24, 2014 Search
Weather | Athens
32o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Cyprus decides on capital controls, including ban on checks being cashed

Cyprus has prepared a decree implementing capital controls on the island as it attempts to prevent a banking collapse.

Kathimerini Cyprus has seen a copy of the legislations. Here are some of the key points.

1. Ban on checks being cashed, although they can be deposited into accounts.

2. The transfer of money abroad is not allowed unless it is to pay for imports that carry necessary documentation and for accommodation and tuition costs for Cypriots studying abroad. They must be full-time residents on the island.

The limit for students abroad is 10,000 per quarter.

Spending on credit cards abroad is limited to 5,000 euros per month per person.

3. Time deposit accounts cannot be redeemed before maturity.

4. Those leaving the country will not be allowed to carry more than 3,000 euros in cash on them per trip. This also applies to other countries.

5. Any transactions, transfers or payments that have not been completed before the decree is issued are subject to capital controls.

6. The capital controls apply to all accounts, payments and transfers, regardless of currency used.

ekathimerini.com , Wednesday March 27, 2013 (17:12)  
Eurozone bonds yields rise on strong data, dulling QE prospects
PPC approves $243 million wind investment in Greece
No property transactions for tax evaders
IOBE warns crisis will return if reforms are not implemented
Man gets suspended prison term for animal cruelty
A 69-year-old man was handed an 8-month suspended prison sentence and was fined 30,000 euros after being found guilty over charges of beating a stray dog to death in Charopo, in Serres, nort...
Presidential election will not lead to snap elections, Samaras tells ND deputies
Prime Minister Antonis Samaras has told New Democracy MPs that he does not think Greece will go to snap elections early next year over the election of a new president. Speaking off the recor...
Inside News
TRACK & FIELD
Athens, the Marathon capital of the world for good
Paco Borao, the man who restored Athens as the Marathon capital of the world with the establishment at the Olympic Sports Center of the headquarters of the International Association of Marat...
TRACK & FIELD
Pole vault record on same day as three doping cases
Greek track and field had a mixed weekend, as on the same day as Katerina Stefanidi matched the national record in pole vault as well as the leading result in Europe so far this season, thre...
Inside Sports
COMMENTARY
When evaluation is seen as useless
The reactions toward the governments plans for an evaluation of public sector workers are completely unsurprising. Civil servants and not just the unions that represent them abhor the m...
EDITORIAL
Playing the good guy
There is a part of the government that is striving to fulfill the commitments that Greece has undertaken toward its foreign creditors, most of which pertain to reforms that are absolutely es...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Man gets suspended prison term for animal cruelty
2. Eurozone bonds yields rise on strong data, dulling QE prospects
3. PPC approves $243 million wind investment in Greece
4. Presidential election will not lead to snap elections, Samaras tells ND deputies
5. Medical assistance for Acropolis visitors
6. Samaras and Venizelos meet amid internal strife within coalition
more news
Today
This Week
1. Quadriplegic woman on life support 'dies due to unpaid power bills'
2. Democracy 'retreated' during crisis, says Papoulias
3. Family of deceased woman on life support says application for 'special status' had been filed with PPC
4. Efforts continue on Crete to find 'Sifis' the crocodile
5. Samaras and Venizelos meet amid internal strife within coalition
6. Medical assistance for Acropolis visitors
Today
This Week
1. The cost of excellence
2. Ex-Credit Suisse banker taps lesson for Greek rebound
3. Greece seen in third bailout as bonds not enough, economists say
4. Climber dies in Mount Olympus fall
5. Greek banks able to tap investors after stress tests, HFSF Says
6. Greek sovereign debt at 174.1 percent of GDP in first quarter
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.