Cyprus is to impose strict limits on money transfers as it prepares for the planned reopening of its crippled banking system.
The measures, aimed at preventing a run on banks in the wake of the nation's controversial bailout, will include restrictions on large-scale transfers from the country's two largest and most troubled lenders, Bank of Cyprus and Laiki, it is understood.
They are expected to reopen tomorrow, almost two weeks after the Cypriot banking system was effectively shut down while the terms of the sovereign rescue were agreed and implemented.
Big depositors face losses of as much as 40% of their savings under the terms of the 10bn euro (£8.5bn) EU bailout.
Leaks of the draft capital controls include limits of 3,000 euros (£2,530) on the amount of cash individuals can take abroad.
Greek newspaper Kathimerini reported that the use of credit and debit cards would be restricted to 5,000 euros a month.
The cashing of cheques will not be accepted, Reuters said, although authorities are believed to be looking to increase the daily cash withdrawal limit per account from 100 euros to 300 euros.
Payroll payments will be allowed in order to help businesses, which have taken a huge hit as people cut down on their spending amid the uncertainty about the banks.
If implemented, these restrictions would be much harsher than those in other eurozone countries that have received rescue packages.
The leaks came hours after the Bank of Cyprus' chief executive was sacked by the governor of the central bank - reportedly on the orders of the international lenders behind the bailout deal.
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