“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.

The taboo-breaking imposition of capital controls in Cyprus confirms the broad array of new challenges corporate treasurers face. Euromoney discusses euro contingency plans with key bankers amid fears ...

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 ...

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.