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Five billion euro in cash arrived in Cyprus per airplane from Frankfurt

Hundreds of millions of euro bank notes arrived to Cyprus per airplane, Cypriot media reported.  The plane had taken off from Frankfurt and landed on the island in the afternoon.

A huge police operation was staged to carry the bank notes and distribute them  to several banks on the island as they will open again tomorrow, Thursday, after a week’s closure.

UPDATE:

5 billion euro in four containers have landed on the island from ECB. A long convoy of armored cars, armed men and police helicopters took the money to the treasure of the Central bank of Cyprus.

PS I assume all these money was sent to Cyprus by the ELA liquidity support mechanism of the European Central Bank. ?

 

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