Greece moves closer to lifting all capital controls as limits on cash withdrawals removed

EconomyMacroeconomy Tags: Banking
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

Greece’s Finance Ministry (MoF) announced late on Thursday that further relaxations were being applied to the capital controls imposed in the summer of 2015 as the government pushes to abolish them completely in the coming months.

The latest announcement revealed that all limitations were being lifted on cash withdrawals from October 1. In addition, Greeks abroad will be able to withdraw up to 5,000 euros in banks not located in Greece.

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