Business | Daily | Tourist
INFORMATION SERVICES

NICOSIA — Cyprus has further eased remaining limits on taking money out of the country from domestic banks by doubling the amount businesses can transfer abroad for any transaction without prior Central Bank approval to 2 million euros ($2.47 million).

A Cypriot Finance Ministry decree also doubles personal, domestic bank money transfers abroad to 10,000 euros ($12,300) per month.

The amount of cash that individuals can carry on them while exiting the country also doubles to 6,000 euros ($7,386).

The central bank has already lifted all restrictions on money movements within the country. The limits were imposed to head off a run after a 10 million-euro rescue deal Cyprus agreed with international creditors in March last year authorized bank deposit seizures to prop up the country’s ailing financial sector.

The post Cyprus Eases Money Transfers Abroad appeared first on The National Herald.

Source: The National Herald
Share it now!
More
Who We Are

GQS acts as an “information representative” providing a variety of accurate and authoritative analytics and responses About Greece. Our field of expertise ranges from simple Daily Life questions related to Tourism or the History of Greece, up to large Business related projects such as Economic Research, Human Resources Selection or Real Estate Services.

Find out more

Contact Us

Are you interested in obtaining any kind of information about Greece?

Let us help you!

If your requirements go beyond simple services and you want specialized information, you will receive a detailed email for any charges.

  • Weather

    Locations:
    Athens
    August 21, 2017, 12:13 am
    Partly cloudy
    Partly cloudy
    26°C
    real feel: 26°C
    current pressure: 1010 mb
    humidity: 57%
    wind speed: 0 m/s N
    wind gusts: 0 m/s
    UV-Index: 0
    sunrise: 6:45 am
    sunset: 8:12 pm
     
  • Currency