March 25, 2013 / 10:02 AM / 4 years ago

Cyprus bank closures have limited capital flight: Schaeuble

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German Finance Minister Wolfgang Schaeuble speaks during a news conference presenting the annual report of Germany's customs agency, Zoll, at the finance ministry in Berlin, March 22, 2013.Thomas Peter

BERLIN (Reuters) - There has been capital flight out of Cyprus but this has been limited in the past week thanks to the closure of banks in the Mediterranean island nation, German Finance Minister Wolfgang Schaeuble said on Monday.

Schaeuble, speaking at a news conference in Berlin, declined to provide figures on how much money had been pulled out of Cyprus in recent days or to say when banks would reopen, saying this was an issue for the European and Cypriot central banks to assess.

Reporting by Noah Barkin

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