Cyprus to End Capital Controls in January, President Says
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Cyprus plans to lift all restrictions on the movement of money in January, almost a year after becoming the first euro member to seize bank deposits and impose capital controls to avert a financial collapse.
President Nicos Anastasiades said in an interview in Nicosia yesterday that his country will be “the best” at implementing its agreement with international creditors as it tries to claw back to growth after forcing losses on uninsured depositors in the Mediterranean island’s two largest banks.