Cypriots stayed calm on Thursday as banks reopened after a nearly two-week lockdown, with tight capital controls stopping customers from draining the island’s coffers after its eurozone bailout.
Cypriots stayed calm on Thursday as banks reopened after a nearly two-week lockdown, with tight capital controls stopping customers from draining the island's coffers after its eurozone bailout.
President Nicos Anastasiades thanked his people for their maturity, with fears of a catastrophic run on banks that have been closed since March 16 proving unfounded.
"The attitude of maturity and responsibility the people have demonstrated today, going to bank branches, sends a clear message of optimism and certainty for the future and to those who have been watching events internationally," he said in a statement.
Banks were handing customers lists of the controls including a daily withdrawal limit of 300 euros ($385), a ban on the cashing of cheques and orders not to take more than 1,000 euros out of Cyprus.
World markets remained jittery over the crisis, which has seen capital controls imposed for the first time by a eurozone economy in order to prevent meltdown after the 10-billion-euro ($13-billion) EU-IMF rescue package.
Five shipping containers reportedly filled with billions of euros were delivered to the central bank late Wednesday, guarded by a helicopter and police cars.
The Cyprus stock exchange remained closed.
Cyprus must raise 5.8 billion euros to qualify for the full 10-billion-euro loan from the "troika" of the European Union, European Central Bank and International Monetary Fund.
Finance Minister Michalis Sarris said on Wednesday that Cyprus "will see worse days in 2013".
Cyprus is the first eurozone country to impose capital controls after bailouts -- unlike Greece, Spain, Portugal and Ireland, which have also received multi-billion-dollar rescue packages.