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Minus $25.2 billion! The Central Bank of Cyprus suffered a huge loss

The loss, which came from the CCM, forced the Central Bank to postpone the distribution of the profit to the Ministry the vote of the financiers in 2023

Apr 15, 2024 18:25 112

Minus $25.2 billion! The Central Bank of Cyprus suffered a huge loss  - 1

The Central Bank of Typia predicts a huge loss in 2023, mostly due to the deposit tax , which was introduced for the protection of other people's money, transmit domestic editions.

The loss reached 818.2 billion TYP or 25.2 billion dollars, according to the balance sheet of the Central Bank of the People's Republic of Cyprus. The government has been working for months to get out of the crisis, which the CCM started at the end of 2021, to help with the financing and support of the type The linden tree. The main innovation of the system is the packing of the sand to keep the savings in limes through gaps to compensate for losses from the fall of the tube wells.

The loss that came from the CCM led the central bank to postpone the distribution of the profit to the Ministry of Finance until 2023.

Cxema helped to reverse the trend, which saw people flocking to gold and silver to protect their savings from years of devaluation of the lime. This is why the central bank will try to increase the share of deposits in linden in the banking system. Πin August, he began to strive for the protection of the CCM to standard bills in Lipi.