The Central Bank of Cyprus says the country's finance minister has decided to order all banks in the country to remain shut until Thursday.
The announcement late Monday came hours after the central bank had said all banks except the country's two largest lenders, Laiki and Bank of Cyprus, would open on Tuesday morning.
Banks have been closed since March 16 to avert a run on deposits as the country's politicians struggled to come up with a plan that would raise enough funds to qualify for an international bailout.
An initial plan that would seize up to 10 percent of people's bank accounts had spooked depositors and was soundly rejected by lawmakers.
Cyprus banks to remain closed until Thursday
The Central Bank of Cyprus says the country's finance minister has decided to order all banks in the country to remain shut until Thursday.
The announcement late Monday came hours after the central bank had said all banks except the country's two largest lenders, Laiki and Bank of Cyprus, would open on Tuesday morning.
Banks have been closed since March 16 to avert a run on deposits as the country's politicians struggled to come up with a plan that would raise enough funds to qualify for an international bailout.
An initial plan that would seize up to 10 percent of people's bank accounts had spooked depositors and was soundly rejected by lawmakers.
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