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This is a limitation on transformation that might usually final a few days.
Here’s a sign of what they engage (courtesy of Yiannis Mouzakis).
• Restrictions in daily withdrawals
• Ban on beforehand stop of time assets deposits
• Compulsory renovation of all time assets deposits on maturity
• Conversion of stream accounts to time deposits
• Ban or restrictions on non money transactions
• Restrictions on use of debit, credit or prepaid withdraw cards
• Ban or limitation on cashing in cheques
• Restrictions on domestic interbank transfers or transfers within a same
bank
• Restrictions on a interactions/transactions of a open with credit
institutions
• Restrictions on movements of capital, payments, transfers
• Any other magnitude that a Finance Minister or a Governor of Cyprus
Central Bank
Read full article: http://www.guardian.co.uk/world/middle-east-live/2013/mar/22/syria-sunni-cleric-killed-bombing-live
Source:
http://www.news.ezonearticle.com/2013/03/25/cyprus-bail-out-live-2/
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