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Two biggest Cyprus banks limit ATM withdrawals to reduce bank runs

By Agence France-Presse
Sunday, March 24, 2013 17:15 EDT
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A woman withdraws money from the ATM of a bank in the Cypriot capital Nicosia on March 22, 2013.
 
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The two main banks at the centre of Cyprus’s financial crisis further slashed the daily cash withdrawal limits from ATM machines on Sunday, state media reported.

With queues growing outside cash machines across the island, Laiki (Popular) Bank cut maximum withdrawals at ATMs to 100 euros a day and the Bank of Cyprus reduced its limit to 120 euros a day, the Cyprus News Agency said.

Agence France-Presse
Agence France-Presse
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