Iran war: No capital flight from Cyprus as banking sector holds firm following Akrotiri strike

The Cypriot banking sector remains stable with no signs of capital flight or panic withdrawals following the recent drone attack on the British Bases at Akrotiri and the war raging in the Middle East. Data from systemic lenders and the Central Bank of Cyprus (CBC) indicate that cash withdrawals at both branches and ATMs have … Continue reading Iran war: No capital flight from Cyprus as banking sector holds firm following Akrotiri strike