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Cyprus considering capital restrictions if banks reopen: official
March 20, 2013 / 12:19 PM / 5 years ago

Cyprus considering capital restrictions if banks reopen: official

NICOSIA (Reuters) - The Cypriot government is considering whether to allow banks to reopen on Thursday and could impose capital restrictions if they do, a senior government official said.

Lawmakers raise their arms to vote against a controversial bill to tax deposits in Nicosia March 19, 2013. REUTERS/Yiannis Nissiotis

“At the moment the issue is if and how banks will reopen tomorrow. Capital restrictions being considered,” the official, who declined to be named, said in a text message to Reuters.

Reporting by Michele Kambas; writing by Matt Robinson; editing by Patrick Graham

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