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Cyprus capital controls to last "a matter of weeks"- minister
March 26, 2013 / 9:16 AM / in 5 years

Cyprus capital controls to last "a matter of weeks"- minister

LONDON, March 26 (Reuters) - Cyprus’s Finance Minister Michael Sarris said on Tuesday that capital controls to prevent big outflows of cash from the island would probably last for “a matter of weeks.”

“I think we are talking a matter of weeks. That would be my sense,” Sarris told BBC radio.

He said he was confident that outflows would be more controlled as progress was made on implementing an international bailout deal for Cyprus.

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