Capital controls eased, allowing larger withdrawals and doubling limit on business transfers abroad

EconomyMacroeconomy Tags: Banking
Photo via Flickr
Photo via Flickr

Greece’s Finance Ministry (MoF) announced on Thursday that the capital controls introduced in the summer of 2015 will be further relaxed from Monday as part of an effort to fully abolish them not long after the end of the programme.

The conditions for withdrawals and transfers will be amended from June 4, starting with the monthly amount that Greeks will be allowed to withdraw from their bank accounts. This will increase from 2,300 to 5,000 euros. This is applicable per calendar mo...

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