ECB flew five billion euros to Cyprus late Wednesday: paper

Published March 28, 2013

| Reuters

The European Central Bank flew 5.0 billion euros ($6.39 billion) to Cyprus late on Wednesday in time for the reopening of banks on the island on Thursday, German business daily Handelsblatt said, citing sources familiar with the operation.

An ECB spokesman confirmed notes were flown from Frankfurt to Cyprus late on Wednesday but would not confirm the sum.

"The bank notes came from the ECB's logistical reserves, which were stored by the Bundesbank on behalf of the ECB," another ECB spokesman said.

(Reporting by Andreas Framke and Paul Carrel; Editing by John Stonestreet)

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