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NICOSIA, April 11 (Xinhua) -- Cyprus partly eased restrictions2 on bank operations on Thursday by allowing free transactions of up to 300,000 euros (390,000 U.S. dollars) domestically and raising the ceiling for company payment abroad.
A new decree issued by the Ministry3 of Finance raises the threshold for company payments abroad to 20,000 from 5,000 euros without prior approval by a Central Bank committee.
Overseas transactions of between 20,001 and 300,000 euros still need a vetting4 by an ad hoc committee.
Travellers will also be permitted to carry 2,000 euros on each trip abroad, up from a previous ceiling of 1,000 euros.
The restrictions were imposed on March 28 after the Eurogroup imposed an unprecedented5 haircut on deposits over 100,000 euros in the biggest bank -- Bank of Cyprus and the merger6 of Bank of Cyprus and Popular Bank, the second biggest bank, in return for a 10-billion-euro bailout for Cyprus.
A sixth decree in a row by the Ministry of Finance leaves in place a threshold of 300 euros in cash withdrawals7 per day.
The decree introduces a new restriction1 in opening an account in a bank which is different from the one in which a client already has. Opening such a new account is allowed only for depositing money from abroad or after a prior approval by the ad hoc committee. (1 euro = 1.30 U.S. dollars)
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1 restriction | |
n.限制,约束 | |
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2 restrictions | |
约束( restriction的名词复数 ); 管制; 制约因素; 带限制性的条件(或规则) | |
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3 ministry | |
n.(政府的)部;牧师 | |
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4 vetting | |
n.数据检查[核对,核实]v.审查(某人过去的记录、资格等)( vet的现在分词 );调查;检查;诊疗 | |
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5 unprecedented | |
adj.无前例的,新奇的 | |
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6 merger | |
n.企业合并,并吞 | |
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7 withdrawals | |
n.收回,取回,撤回( withdrawal的名词复数 );撤退,撤走;收回[取回,撤回,撤退,撤走]的实例;推出(组织),提走(存款),戒除毒瘾,对说过的话收回,孤僻 | |
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