Cyprus: Trying to Avoid Chaos at Banks

People ♦ Published: March 28, 2013; 11:11 ♦ (Vindobona)

Today, Cyprus‘ banks are supposed to be opened after almost two weeks of closing. The citizens are called for calm and there are limits for drawing money. The currency rate was downgraded to Caa2 by Moody’s.

Cyprus: Trying to Avoid Chaos at Banks / Picture: © Bank of Cyprus

The Cyprian government wants nothing more but to avoid chaos, violence and cime when today, March 28, the banks will be opening again at noon (local time). Therefore, additional security personnel were hired. Until 6 pm bank clients can draw money from their accounts, however, with serious restrictions, as the Central Bank of Cyprus (CBC) and the Finance Ministry in Nicosia announced.…