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Temporary restrictive measures imposed by a decree of the Minister of Finance
The 35th Decree on the restrictions on banks in Cyprus and of the 28th Decree on the restrictions on transactions of foreign banks were issued on 16th March 2015. Both Decrees are valid for 21 days.
The only change provided by the 35th Decree is the increase of the limit with respect to transfers of deposits/funds outside the Republic regardless of the purpose, per natural person, per month, from €50.000 to €1.000.000.
No change has been introduced by the 28th Decree on foreign banks.
Please find the below an English translation of the above-mentioned documents.