Financial Cypression: Cypriot Banks to Remain Closed Until Tuesday (at the earliest)

Yes, yes, we know the difference between Cyprus and cypress but if the headline was "Financial Cyprussion..." some folks would think we'd gone all misspelled Teutonic-ebonic and not caught the ref to repression.
Not our long-suffering regular readers but, you know, strangers.

From ZeroHedge:

Cyprus Banks To Reopen Next Tuesday At Earliest As Capital Controls Become Reality

We can only hope that nobody will be shocked that the greatly overhyped Friday Cyprus bank reopen has been postponed.

• CYPRUS BANKS EXPECTED TO REMAIN CLOSED THROUGH END OF WEEK:CYBC

And since March 25, Monday, is another Cyprus bank holiday, "Greek Independence Day" (from whom? Certainly not the Troika), it means Cypriot banks will now remain closed at least until next Tuesday and likely far longer. In the meantime, since TV cameras can't show lines of people at their freindly neighborhood bank, which will have been closed for over a week, the propaganda machine will blast full bore how because the market is pushed higher by the Fed, any fears of bank runs can be forgotten....MORE

For more on financial repression/capital controls see Monday's: "Cyprus: 'Beyond financial repression'"