Business

Cyprus banks re-open: Your stories

Image caption Banks reopened but capital controls remain

Banks in Cyprus have re-opened to customers after they were closed for almost two weeks due to EU-IMF bailout talks.

However, strict capital controls are in place which could remain in place for a month.

Cash withdrawals are limited to 300 euros per day, cheques are not being cashed by banks and those travelling abroad are allowed to take no more than 1,000 euros out of the country.

BBC News website readers have been sharing their stories of the banking crisis in Cyprus.

Allyson Agapiou, Limassol

I've just been to the bank to try to get some money out and had little success.

I have two notice accounts with savings in and they've been blocked.

My husband had been made redundant two times in the past three years. He could not cash his most recent redundancy cheque today.

Image caption Customers wait to get inside a branch of Laiki Bank

My daughter goes back to university next week and I might not be able to pay her rent money.

The bank was busy when I went in today. There were security guards at the door and a long queue of old and young people. It was like we were all standing there in a line having to beg for money.

We are very worried. Our life savings are in the Bank of Cyprus.

We'd be better off keeping our money under our mattress so we have control of it, but of course we can't get it out to do that.

I feel that we are being treated like criminals. Why should the ordinary people here have to pay for the mess?

Brian Newton, Episkopi

I went to a branch of the Co-op bank today and the staff were kind and helpful. They provided trays of cakes, cartons of fresh fruit juice and bottled water.

I also went to a Bank of Cyprus branch where I joined about 15 people outside in the queue. Everyone was relaxed and security let us in calmly one by one.

Inside, management were asking each of us if we had any complicated things to do. They also asked about people's welfare.

At the counter, staff were exceptionally pleasant and helpful. The customers too were relaxed and pleasant.

Martin Hill, Anogyra

When I went to the bank today, there were only a couple of people in front of me in the queue. I managed to withdraw money without any problems.

Image caption The mood was generally calm

There was no panic at all today, although people were very worried when the banks closed.

We have a small amount of money saved in a bank here in Cyprus. We had trouble last week as our pensions from the UK go into a bank account here, but we couldn't get them out because the banks were closed.

We had to set up an account in the UK for our pension money to go into and then transfer it from that account to our account here.

For a few days we only had a very small amount of cash between us and it almost got to the point where our daughter in the UK was going to send us a food parcel.

Pariya Zomorodian, Larnaca

I have three accounts with the Bank of Cyprus. Two of them have over £100,000 in and have been frozen so I can't take money out of them.

The queues in the bank weren't very long today and I could draw cash out of one of my accounts if I needed to.

For me though, it's not getting hold of cash that's the problem - it's making payments overseas. There is a limit on how much you can send overseas and I have already reached the limit this month.

I am an Open University student and haven't been able to pay for my course. I have a son living and studying abroad and I can't send him money.

On top of this, I have a holiday booked for which I have paid half of the money, but am not sure when I can pay the rest.

From now on, I will have to be very organised with my finances.

Interviews by Catherine Ellis