Capital controls eased in Greece

By 8 years ago

Greece approved ease of capital restrictions yesterday as confidence in its banking system returns and bail-out reforms are met.

Athens imposed capital controls last year when there were serious talks of a Grexit.

It is the 11th ministerial decision allowing for the easing of the capital controls since they were introduced, the ministry said in a statement.

Among other changes, new deposits paid into Greek banks won’t be subject to capitals controls and there will be higher withdrawal limits on money that has come from abroad.

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