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Banks in Cyprus have been closed since before the weekend and will not reopen until Thursday in order to prevent a run on the banks as the government discusses taxing all savers in order to secure an EU bailout.
Soldiers stationed on the island and their families would be able to borrow the money if cash machines and debit cards stop working completely, the Ministry of Defence said.
"The MoD is proactively approaching personnel to ask if they want their March, and future months' salaries paid into UK bank accounts, rather than Cypriot accounts," it said in a statement.
"We're determined to do everything we can to minimise the impact of the Cyprus banking crisis on our people."
Soldiers stationed on the island and their families would be able to borrow the money if cash machines and debit cards stop working completely, the Ministry of Defence said.
"The MoD is proactively approaching personnel to ask if they want their March, and future months' salaries paid into UK bank accounts, rather than Cypriot accounts," it said in a statement.
"We're determined to do everything we can to minimise the impact of the Cyprus banking crisis on our people."
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