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31 March 2013

Cyprus Central Bank Deposits

Above is data from the Central Bank of Cyprus's Monetary Financial Statement for March 2013 showing total deposits by country of origin. While deposits from locals actually went up, there was a slight decrease of foreign, non-eurozone deposits. The surprise is the drastic 18% decrease in deposits from other Eurozone countries. It will be interesting to see the data from March when it becomes available, to support or deny the rumors that certain non-eurozone countries are getting preferential treatment under the capital controls in place.