April 3, 2015 / 8:43 AM / 3 years ago

Cyprus to lift all capital controls on Monday: President Anastasiades

NICOSIA, April 3 (Reuters) - Cypriot President Nicos Anastasiades said on Friday all capital controls imposed on the island in 2013 to stem a cash flight will be lifted on Monday.

“The lifting of the last restrictions marks the final restoration of confidence in our banking system,” Anastasiades said in a statement.

Cyprus introduced the controls in April 2013 to prevent outflows after a chaotic bailout forced the closure of one bank, and a second bank seized deposits to recapitalise.

Reporting by Michele Kambas; Writing by Karolina Tagaris

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