Is your money safe in Cyprus?

You’ve worked hard for your money. You’ve put it in the bank. Perhaps you’ve even spread it across several accounts, just to be safe. But there’s a little-known rule that could change everything in the blink of an eye. In this week’s Money Doctor, Professor Panayiotis C. Andreou explains what everyone in Cyprus needs to know about their bank savings. In the Money Doctor series, Professor of Finance Panayiotis C. Andreou tackles the financial questions, habits and decisions that affect everyday life in Cyprus.

Practical, accessible and without unnecessary jargon, Money Doctor is designed to help you understand your money – before an expensive mistake does it for you. Dr Panayiotis C. Andreou, ‘The Money Doctor’, is Professor of Finance at the Cyprus University of Technology, President of the Financial Wellbeing Institute, and creator of the Money Doctor® financial education platform. He also serves on the Scientific Advisory Committee of the Cyprus Financial Literacy and Education Committee. His work…