NICOSIA, March 24 The central bank in Cyprus
imposed a 100-euros per day withdrawal limit at cash machines
for all local banks on Sunday to avert a run on lenders.
A spokesman for second largest lender Cyprus Popular Bank
, which had previously limited withdrawals to 260
euros, said the new measure began at 1 p.m. (1100 GMT) and would
remain in place until the bank reopens, scheduled for Tuesday,
or until confirmation of continued emergency funding from the
European Central Bank.
A government official, who declined to be named, said the
measure applied to all local banks on the island.