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Wednesday, March 27, 2013

Cyprus to limit cash, credit-card use abroad

Man walks through empty street in NicosiaBy Michele Kambas and Costas Pitas NICOSIA (Reuters) - Cyprus is set to restrict the flow of cash from the island and may curb the use of Cypriot credit cards abroad as it tries to avert a run on its banks after agreeing a tough rescue package with international lenders. A Greek newspaper published details of what officials told Reuters was as yet only a draft government decree to restrict outward payments to documented imports and limit how much people could take abroad in banknotes or spend on credit cards. ...



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