Cypriots were braced yesterday for the introduction of strict controls on withdrawing and transferring money from their bank accounts.
These fears accompanied Cyprus president Nicos Anastasiades, as he made a last-ditch attempt in Brussels – in talks running late into the night – to secure an international bailout to spare the country from bankruptcy.
The capital controls are expected to be in place tomorrow morning to prevent a run on Cypriot banks if and when they reopen after an 10-day closure that has brought the economy to a standstill.
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