Cyprus was the only crisis-hit eurozone country to restrict capital transfers, as it faced a run on the banks, SIA informs citing the BBC.
The controls were eased in January.
There will no longer be a monthly cap of €20,000 (£15,000; $22,000) on transfers by individuals to foreign banks, or of €10,000 for travellers moving money out of the country.
Cyprus received a €10bn bailout from the EU and International Monetary Fund (IMF) after its biggest banks nearly collapsed in March 2013 because of huge losses on their Greek investments.
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