Cyprus To Shut Down Banks Tuesday And Wednesday: Government Source

Cyprus To Shut Down Banks Tuesday And Wednesday
People wait and use the ATM machines outside of a Laiki Bank branch in capital Nicosia, Cyprus, Sunday, March 17, 2013. Cyprus parliament had postponed the debate and vote on the controversial levy on all bank deposits that the cash-strapped countrys creditors demanded in exchange for euro10 billion (US$13 billion) in rescue money, officials said. (AP Photo/Petros Karadjias)
People wait and use the ATM machines outside of a Laiki Bank branch in capital Nicosia, Cyprus, Sunday, March 17, 2013. Cyprus parliament had postponed the debate and vote on the controversial levy on all bank deposits that the cash-strapped countrys creditors demanded in exchange for euro10 billion (US$13 billion) in rescue money, officials said. (AP Photo/Petros Karadjias)

NICOSIA, March 18 (Reuters) - Banks in Cyprus will be shut on Tuesday and Wednesday pending a decision by parliament to approve a levy on bank depositors, a government source told Reuters.

"Tuesday and Wednesday are bank holidays," the source said. A decree will be released shortly from the Finance Ministry to this effect, he said.

Before You Go

Cyprus Bailout

Popular in the Community

Close

What's Hot