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OFFICIALS have confirmed that a number of people have tried to sneak substantial amounts of cash out of the island over the past couple of weeks.Under strict capital controls designed to prevent a bank run since last Thursday when the banks re-opened, individuals have only been allowed to take out €1,000 (or the equivalent in other currencies) per trip.The controls were imposed following the re-opening of the banks for the first time after a preliminary accord between the government and the EU and IMF.Police have stepped up checks at airports and harbours, and anyone caught with more than €1000 on their person is referred to Customs. The cash is seized and an invoice issued for the amount... 13 comments
Armed man robs Nicosia co-opPOLICE are looking for a man armed with a gun who stole €8,300 from a Nicosia co-op yesterday. The man seized the money from a cashier at around 10am in the morning before driving away in a car, police spokesman Andreas Angelides said.There were no customers in the bank at the time, Angelides said. The man was described as being in his mid or late-thirties, between 1.75 metres and 1.80 metres tall, thin, and was wearing a black hooded jumper and brown or beige trousers when he robbed the bank. Call the citizen’s line at 1460 with any relevant information. Education ministry: new number... Read on