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 ...

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.

“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.