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Cyprus. Restrictive Measures on Transactions updates

Date: 09-04-2013
Please be advised that the Fifth Decree on the Enforcement of Restrictive Measures on Transactions has been issued on April 5, 2013.

The following amendments have been made to Section 3 (c) on page 2 of the Decree:

1. Payments, other than cheques, or transfers of deposits/funds to accounts held in other credit institutions up to ?2.000 per month per natural person in each credit institution are now allowed

2. Payments or transfers of deposits/funds to accounts held in other credit institutions up to ?10.000 per month per legal person in each credit institution without presentation of justifying documents are now allowed


The link to the Fifth Decree can be found here:



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