BoG reveals figures for repatriation and banknotes returning to banking system

EconomyBanking Tags: Banking, BoG, Liquidity
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

In its annual report published on Friday, the Bank of Greece (BoG) provided more details on the evolution of Greek banks’ deposits since the imposition of capital controls at the end of June 2015.

The net inflow of banknotes in the domestic banking system reached 7.7 billion euros, of which 2.6 billion in the second half of 2015 and 5.1 billion in 2016. This corresponds to an average monthly inflow of 430 million, which is lower than the respecti...

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