Dimitriadis presents a resolution process to the Cypriot Parliament

FXstreet.com (San Francisco) - The Cypriot Central Bank governor Cyprus Panicós Dimitriadis has announced a bank restructuring plan that will allow banks to reopen on Tuesday. Dimitriadis said on Thursday that the bill would protect bank deposits up to €100K according to sources.

Earlier, the Popular bank allowed costumers to withdrawal cash but limited by individual to 260 euros a day.

Bloomberg has published that the bill has the approval of the Troika, however, the Eurogroup is weighing the close of the Cyprus Popular bank and the bank of Cyprus.