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MAR 28, 2013 - The Guardian

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Cyprus banks reopen – but stock exchange will remain closed

Small queues as bank staff turn up for work early in Nicosia and cash is delivered under heavy securityCyprus's banks reopened their doors on Thursday, with strict controls to stop people withdrawing all their savings in a catastrophic bank run.The Cyprus stock exchange, however, said it would remain closed for the day, less than an hour before it was due to open for the first time in almost two weeks.The country fears a stampede on the banks after a 12-day hiatus while the government negotiated a €10bn (£8.4bn) bailout package to avoid financial collapse, but there was little sign of queues ... Read More

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