REPORT: Cyprus Banks Will Remain Closed Until Thursday

Cyprus Bank Stock Exchange

Photo: AP

Via Bloomberg, AP is reporting that Cypriot banks will now remain closed through Thursday.The bank bailout deal was completed over the weekend to take advantage of a bank holiday in the EU today, owing to the St. Patrick’s Day holiday.

However, the holiday was extended through Tuesday to allow the Cypriot government more time to pass a vote on the bailout deal, which includes a controversial haircut on depositors.

Now, depositors in Cyprus won’t be able to access their funds until Friday at the earliest.

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