Thứ Tư, 27 tháng 3, 2013

Cyprus banks to reopen on Thursday

Bank of Cyprus branchBank of Cyprus is the country's largest bank

Banks in Cyprus are to reopen on Thursday at 10:00 GMT, 10 days after they closed to prevent a bank run as a controversial bailout was negotiated.

Banks will open their doors between noon and 18:00 local time, the spokesperson for the Cypriot central bank said.

Cyprus is also to introduce capital controls, with exact details expected to be finalised later on Wednesday.

Earlier, the boss of the Bank of Cyprus was sacked.

The capital controls are to be imposed as Cyprus seeks to raise 5.8bn euros ($7.4bn; £4.9bn) to qualify for a 10bn-euro bailout from the European Union, European Central Bank and the International Monetary Fund, the so-called troika.


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