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Cyprus Reopens Banks — With Severe Restrictions

Russia Today

March 28, 2013

Banks have re-opened in Cyprus, allowing access to savings for the first time in almost two weeks. There's little relief for cash-strapped citizens though, with severe restrictions imposed on how much money they can withdraw. The limits are set to prevent a bank run, making Cyprus the first Eurozone nation to introduce capital controls. For more on what's going on RT talks to correspondent Tesa Arcilla who's outside the bank in Nicosia.