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Author Topic: 2013-03-22: Historic moment for the eurozone as capital controls approved  (Read 968 times)
MaxCoins
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March 22, 2013, 09:23:43 PM
 #1

From The Guardian @ 9.04pm GMT.

To re-iterate, the decision to approve the capital controls bill means Cypriots are likely to soon face tough restrictions on how much money they can take out of their bank, on access to their own savings, and on their ability to transfer funds.

This is the full list of powers that could be imposed (translated by @YiannisMouzakis this morning)

  • Restrictions in daily withdrawals
  • Ban on premature termination of time savings deposits
  • Compulsory renewal of all time savings deposits upon maturity
  • Conversion of current accounts to time deposits
  • Ban or restrictions on non cash transactions
  • Restrictions on use of debit, credit or prepaid debit cards
  • Ban or restriction on cashing in checks
  • Restrictions on domestic interbank transfers or transfers within the same bank
  • Restrictions on the interactions/transactions of the public with credit institutions
  • Restrictions on movements of capital, payments, transfers
  • Any other measure which the Finance Minister or the Governor of Cyprus Central Bank see necessary for reasons of public order and safety

http://www.guardian.co.uk/business/2013/mar/22/eurozone-crisis-cyprus-bailout-russia-vote
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kiba
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March 22, 2013, 09:25:23 PM
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NEED TIME FORMATTING, SIRE

MaxCoins
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March 22, 2013, 09:28:27 PM
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i.e. 9.04pm GMT?
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March 22, 2013, 09:53:18 PM
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I think he's talking about the thread title.  Doesn't fit the guidelines for the "Press" topic.

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March 22, 2013, 09:57:45 PM
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I think he's talking about the thread title.  Doesn't fit the guidelines for the "Press" topic.

But thanks for submitting.

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MaxCoins
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March 22, 2013, 10:25:39 PM
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Ok - got it - thanks. relatively new here...
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March 22, 2013, 11:00:10 PM
 #7

I wonder how such controls can affect other currencies on the periphery of the Eurozone; Czech, Polish, British, Turkish? - especially the high inflation ones

Crypto supporter!
MaxCoins
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March 23, 2013, 12:02:47 AM
 #8


JPMorgan On The Inevitability Of Europe-Wide Capital Controls
https://bitcointalk.org/index.php?topic=156667.0
Wekkel
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March 23, 2013, 06:02:10 AM
 #9

Europe: so free that you cannot even send your cash around freely. But people sometimes have to learn the hard way.

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luffy
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March 23, 2013, 06:06:58 AM
 #10

control to anything! they can't control internet yet nor BTC but they will try for sure Smiley
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