Two biggest Cyprus banks limit ATM withdrawals to reduce bank runs

“The two main banks at the centre of Cyprus’s financial crisis further slashed the daily cash withdrawal limits from ATM machines on Sunday, state media reported.  With queues growing outside cash machines across the island, Laiki (Popular) Bank cut maximum withdrawals at ATMs to 100 euros a day and the Bank of Cyprus reduced its limit to 120 euros a day, the Cyprus News Agency said.”

http://www.rawstory.com/rs/2013/03/24/two-biggest-cyprus-banks-limit-atm-withdrawals-to-reduce-bank-runs/

The Freedom Watch Staff

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