Restrictions in capital transfers fully lifted

During a Press Conference on the Economy, which was held on 3 April 2015, the President of the Republic, Mr. Nicos Anastasiades, announced the lifting of all restrictions imposed during the last two years, as well as a series of measures, which fully restore the trust in the banking financial system, aiming at the same time at boosting the economy, growth and employment.

In particular, as of Monday, 6 April 2015, the last restrictions in capital transfer, regarding transactions and capital transfer abroad, are lifted. The lifting of the last restrictions marks the final restoration of trust in our banking system and the positive perspective for raising investments in conditions of full certainty and credibility.

With this positive development, the banks in Cyprus, are now able to raise capitals and safely fund the economy, thus having a positive impact as regards the support of the citizens, businesses and growth.


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