Cyprus said on Tuesday it would not default on its payments and had secured necessary financing to meet its immediate requirements.
The island is awaiting a credit line of up to €17.5 billion from international lenders after its banks suffered huge losses to debt-crippled Greece.
The government had "secured all its current financing needs", the finance ministry said in a statement.
Cyprus has been shut out of international capital markets for more than a year and has been heavily reliant on high yield, short-term domestic borrowing either from banks or pension funds.
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