The hunt is on for many Cypriots to find ways to circumnavigate new draconian capital controls and get their money off the island.
At least three people have attempted to flee the island in recent weeks with more than €200,000 in cash on their person, according to official sources. The money was in all cases confiscated and the people questioned by the authorities.
Individuals have been allowed to take only €3,000 out of the country since Thursday under strict capital controls designed to prevent a bank run. The imposition of the eurozone’s first capital controls followed the reopening of the country’s two banks for the first time since the island’s EU and International Monetary Fund bailout.
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