Cyprus has lifted its last remaining capital controls just over two years after becoming the eurozone’s first country to impose cash restrictions.
Under measures which came into force on Monday (6 April), there will no longer be a monthly cap of €20,000 on transfers by individuals to foreign banks, or of €10,000 for travellers moving money out of the country.
On Friday (3 April), Cypriot president Nicos Anistasiades said that the removal of the remaining cash limits marked “the fu...
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Already a member? Login hereBenjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.
Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.