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URGENT ¥¥¥ Cyprus capital controls to be reviewed daily: central bank

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(GlobalPost/GlobalPost)

The Cyprus Central Bank said on Friday it will review its strict capital controls on a daily basis and will attempt to "refine or relax" them where possible.

"Each day, we will measure and look to refine or relax these controls with the overriding goal of safeguarding and stabilising the Cypriot financial system," the bank said in a statement.

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http://www.globalpost.com/dispatch/news/afp/130329/urgent-cyprus-capital-controls-be-reviewed-daily-central-bank