Cyprus's banks opened for the first time in almost two weeks,with new rules curbing access to cash preventing an initial panicto withdraw deposits.

“We expected much more people,” said Argyros Eraclides, managerof a Bank of Cyprus Plc branch in the Stavrou area of Nicosia.“Fortunately there are only some people who needed cash for theday, but customers reacted fantastically. We expected some peopleto be more aggravated.”

Banks opened at midday local time today, with lines of about 15to 20 people waiting to enter branches in the Cypriot capital. Theyclose at 6 p.m. The Central Bank of Cyprus's controls include a300-euro ($383) daily limit on withdrawals and restrictions ontransfers to accounts outside the country.

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