“We have assessed that after the successful results of the (bank) stress tests there has been a stabilisation of the system. We have to ensure that is permanent, and once that is ascertained, and I imagine soon, the last restrictions on capital movements will be eased,” Chrystalla Georghadji told reporters in parliament.
Cyprus imposed restrictions on currency movements in March 2013. Restrictions have been eased for domestic transactions but some still exist on transactions abroad.
Source: Cyprus Mail