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Cyprus to lift all capital controls on Monday: President Anastasiades

From reuters.com

Cypriot President Nicos Anastasiades said on Friday all capital controls imposed on the island in 2013 to stem a cash flight will be lifted on Monday. "The lifting of the last restrictions marks the final restoration of confidence in our banking system," Anastasiades said in a statement. Cyprus introduced the controls in April 2013 to prevent outflows after a chaotic bailout forced the closure of one bank, and a second bank seized deposits to recapitalise. (full story)

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