INVESTORS EXPRESSED DOUBT ABOUT CYPRUS NEW BANK REGULATIONS THAT MAY HELP CYPRUS OVERCOME ITS CURRENT FINANCIAL CRISIS AND MAINTAIN CYPRUS FAVORABLE INVESTMENT POLICY.

INVESTORS EXPRESSED DOUBT ABOUT CYPRUS NEW BANK REGULATIONS THAT MAY HELP CYPRUS OVERCOME ITS CURRENT FINANCIAL CRISIS AND MAINTAIN CYRUS FAVORABLE INVESTMENT POLICY.

       Banks in Cyprus have reopened early morning today and resumed normal bank system function with strict limitation on domestic and foreign transactions that set limits on domestic ATM withdrawals and foreign money transfer at the amounts of a hundred euros and five thousand euros respectively as required by Cyprus bank new regulations for the control of money flow within and out of the country. Many citizens in the capital Nakosia and in the nearby towns have line-up since early morning today to make withdrawals, or money transfer, despite the limitations imposed on them for money withdrawals, or money transfer from their accounts that exceeded the specified amounts. Some sources have expressed doubt about Cyprus new bank regulations that may help Cyprus overcome its current financial crisis and maintain Cyprus favorable investment policy.

                                               Written by Professor Godfrey Ohia.