NICOSIA, Cyprus — Cyprus’ banks will open for six hours Thursday with capital restrictions after staying shut for almost two weeks as the island nation faced financial collapse. Controls include a $383 daily limit on withdrawals and transfers restricted to accounts outside Cyprus, according to a decree from the Central Bank of Cyprus. Banks will open at midday local time and shut at 6 p.m. Cyprus’s lenders have been closed since a March 16 plan by the European Union to force losses on all depositors in exchange for a 10 billion-euro bailout touched off a political upheaval. While parliament rejected that plan, a subsequent agreement shuts Cyprus Popular Bank Pcl, the nation’s second-largest lender, and imposes larger losses on uninsured depositors.
