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However, Cypriot authorities further loosened domestic bank transactions limits Friday. The limit on cashless payments or money transfers is now raised from 10,000 to 15,000 euros per person per month. The same limit on businesses is increased from 50,000 to 75,000 euros per company per month. Also, fixed term deposits can be terminated before they mature if the customer uses the money to repay a loan, overdraft or credit card dues owed to the same bank.
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