Wednesday, March 27, 2013

Cyprus central bank suddenly decided to defer the planned re-opening

Central Bank of Cyprus, scheduled to be opened again in the 26th in the evening of 25 suddenly decided to postpone the 2nd. At the same time, in addition to over outside after the two banks of the reorganization "Cyprus" and "Laiki" bank-related businesses will be the 26th start again. This message has been published, but the turn of events suddenly appeared in the middle of the night.

Central Bank of Cyprus for the extension of banking to the 27th issue explained that the smooth functioning of the overall system in order to make banks have to make that decision. The issue of taxation of deposits in the euro zone finance ministers meeting held in the country at the same time, the two sides agreed to reach a consensus and decided that since March 16, in addition to the normal ATM machine business, the bank's other businesses a full cessation. This greatly inconvenience caused to businesses and shops.

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