no decision yet on reopening cypriot banks
Last Updated : GMT 09:40:38
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Last Updated : GMT 09:40:38
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No decision yet on reopening Cypriot banks

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleNo decision yet on reopening Cypriot banks

Nicosia - AFP
No decision has yet been taken on whether commercial banks in Cyprus will open as scheduled on Tuesday after a 10-day lockdown imposed on fears of a run on deposits, the Central Bank said. Contacted by AFP, a Central Bank official said there had been \"no decision yet\" on whether banks would reopen, following a bailout agreement for the debt-hit island reached with the eurozone earlier Monday. The Bank meanwhile announced the appointment on Monday of an administrator to wind up second largest lender Laiki under a painful restructuring plan that was a condition of the eurozone bailout.
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no decision yet on reopening cypriot banks no decision yet on reopening cypriot banks

 



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