The President of the
Republic presided over a meeting
of the Council of
Ministers
The President of the
Republic, Mr Nicos Anastasiades, presided today, at the Presidential
Palace, over a meeting of the Council of Ministers.
Following the conclusion
of the meeting, the Deputy Government Spokesman, Mr Viktoras
Papadopoulos, said the following in his remarks to reporters:
“The Council of
Ministers decided to deposit part of the state available liquid funds
to three Cypriot banks: the Bank of Cyprus, the Hellenic Bank and the
Cooperative Bank with a certain interest rate. As it is known, the
liquid funds
of the
state were, until now, deposited at the Central Bank with zero
interest rate.
It is an act of tangible
support for the banks and a manifestation of the confidence of the
Cyprus Government in them.”
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