Cyprus banking crisis documentary details 2013 financial collapse

A new documentary presented by Graham Stone of Bitcoin.com examines the 2013 banking crisis in Cyprus, a period characterized by bank closures, frozen transfers, and cash rationing. The crisis was driven by the island's banking assets growing to several times the size of its economy and major lenders' heavy exposure to Greek government debt.

During the bailout, 47.5% of uninsured Bank of Cyprus deposits were converted into shares. The documentary highlights the human impact of the collapse, including widespread protests and the physical movement of billions of euros in cash to the island via aircraft and the British military to manage the situation.