At the end of 2012 the Parliament enacted the Public Debt Management Law of 2012, which for the first time introduces into Cypriot legislation important provisions regarding the public debt with the ultimate aim the protection of the public interest.
With the entering into force of the aforesaid Law, the Treasury Bills Law, the Loan (Development) Law, the Loan (Deposit) Law as well as all regulations issued under the powers of these laws are repealed.