Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Britain flies emergency cash to Cyprus

Send a link to a friend

[March 20, 2013]  LONDON (AP) -- Officials say a Royal Air Force plane carrying a million euros ($1,289,000) in cash is traveling to Cyprus to provide contingency funds for possible use by British military personnel and their families.

The Ministry of Defense says the money will provide personnel stationed on the Mediterranean island with emergency loans in case the cash machines and debit cards stop working there.

Cyprus' economy has been in turmoil since the harsh terms of a bank bailout were announced several days ago.

About 3,000 British military personnel and 3,500 of their family members are stationed in Cyprus.

The ministry said Tuesday it would consider further shipments if required. It said it also is considering making salary payments to employees in their U.K. accounts instead.

[Associated Press]

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

< Top Stories index

Back to top


 

News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries

Community | Perspectives | Law & Courts | Leisure Time | Spiritual Life | Health & Fitness | Teen Scene
Calendar | Letters to the Editor