March 20, 2013 / 5:20 PM / 4 years ago

Banks in Cyprus to stay closed Thursday and Friday: official

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People make transactions at an ATM outside a branch of Bank of Cyprus in Nicosia March 20, 2013.Yorgos Karahalis

NICOSIA (Reuters) - Banks in Cyprus will remain closed on Thursday and Friday, a government official said, as the euro zone country tries to avoid a financial meltdown having rejected the terms of a European Union bailout.

With Monday a public holiday, the move effectively closes lenders until Tuesday, March 26. The official spoke on condition of anonymity.

Writing by Matt Robinson; Editing by Ruth Pitchford

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