The BBC's Paul Mason: "Every figure in this document has the word 'euro' and two x's"

Cyprus finance ministers are planning to impose a weekly limit on cash withdrawals, the BBC has learned.

The country's draft capital controls include export limits on euros and a ban on cashing cheques, says Newsnight economics editor Paul Mason.

In addition, fixed-term deposits will have to be held until maturity.

Cyprus's finance minister earlier confirmed that depositors with more than 100,000 euros could see 40% of their funds converted into bank shares.

But Michalis Sarris also said that Cypriot depositors with less than 100,000 euros in their accounts "will not be hit".

"The exact percentage is not... yet decided but it is going to be significant," he told the BBC.


 

Cyprus to bring in weekly cash curbs

BBC News ‎-

Cyprus's finance ministers are planning weekly cash withdrawal limits and other capital controls, as big depositors face 40% cuts in their funds

Views: 210

Reply to This

"Destroying the New World Order"

Latest Activity

oldranger_68 commented on rlionhearted_3's photo
Thumbnail

BFAB9209-470A-41C9-BD13-7F5FC8083958

"Please come and put the chains on, if you dare.  I am WHITE and Islam sucks.  Send…"
1 minute ago
oldranger_68 favorited rlionhearted_3's photo
3 minutes ago
oldranger_68 favorited rlionhearted_3's photo
3 minutes ago
oldranger_68 favorited rlionhearted_3's photo
4 minutes ago
oldranger_68 favorited cheeki kea's photo
4 minutes ago
oldranger_68 favorited cheeki kea's photo
5 minutes ago
oldranger_68 favorited Diana's blog post Planned Parenthood FIRES their new CEO after just 10 months…
7 minutes ago
oldranger_68 favorited Phyllis Maka's blog post Ten Things You’re Not Supposed To Know July 18 2019 | From: AnonymousNews “The general population doesn’t know what’s happening, and it doesn’t even know that it doesn’t know.” - Noam Chomsky.
9 minutes ago
oldranger_68 favorited Phyllis Maka's blog post YAAY! Trump reiterated Thiel's claim that the "seemingly treasonous" company might be working with the Chinese government and that the Trump Administration would "take a look."
14 minutes ago
oldranger_68 favorited Diana's blog post The Secrets of Ilhan Omar
16 minutes ago
Chris of the family Masters posted a discussion
1 hour ago
Diana posted videos
2 hours ago
Diana commented on Boris's video
Thumbnail

Chris Pratt Slammed For Wearing "Far Right Gadsden Flag" Shirt, But Of Course Its FAKE Outrage

"More from the Daily Wire: But it gets worse. The T-shirt is apparently from a pro-veteran nonprofit…"
2 hours ago
Diana favorited Boris's video
3 hours ago
Diana commented on Boris's video
Thumbnail

Are Google's alleged ties to China a national security issue?

"The Chinese aren't our friends. They've been hacking the US military for some…"
3 hours ago
Diana favorited Boris's video
3 hours ago

© 2019   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted