“This is to clarify that the Foreign Exchange Manual, Memorandum 20 section 2 (vi) applies to both divestments and repatriation of all Certificate of Capital Importation (CCl) related transactions.

NICOSIA, Cyprus (AP) — Cyprus on Friday formally eliminated all domestic restrictions on money transfers, a watershed for the bailed-out country's recovering banking system.

NICOSIA (Reuters) - Authorities in Cyprus scrapped on Friday all restrictions on foreign bank transactions for businesses, dismantling part of a regime of capital controls imposed almost two years ...

Savers with more $129,000 in either Bank of Cyprus and Laiki will face big losses. At Laiki, those could reach as much as 80 percent of amounts above the $129,000 insured limit; those at Bank of ...

The Central Bank of Cyprus (CBC) on Thursday announced that it has decided to maintain the countercyclical capital buffer (CCyB) rate at 1.5 per cent. The CBC explained that, in accordance with ...

After violence broke out in Nicosia, the capital, in 1963, the UN sent in peacekeepers. In 1974 the junta that ruled Greece tried to unite Cyprus with Greece, ousting the president of the island.