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As Cyprus Delays Reopening Banks Again, Here Are The Longest Bank Closures Ever

Zero Hedge [1]
March 26, 2013

With news this evening that the Cypriot banks will not now be re-opening tomorrow¬†(as perhaps –¬†as we noted earlier [2] – a little more of those precious deposits leaked away during the closures than expected):

We thought it useful to consider Cyprus in relation to the longest bank closures in history.¬†Cyprus has now shutdown its banking system longer than Argentina, Ecuador, and Uruguay and as far as President Anastasiades comments that capital controls are temporary – we can only hope for the depositors sake – that it’s not as temporary as Argentina’s 120 month ‘restrictions’ starting in 2001.

[3]