Greece’s creditors have given Bank of Greece the green light for relaxation of capital controls, with the European Central Bank expected to give the final OK.
As BoG governor Yannis Stournaras said in the Greek parliament, the request sent to creditors includes:
Lifting the ban on unlimited cash withdrawal for new cash deposits. This is part of an effort to persuade Greeks to bring back to the banks money they have stashed at home.
Complete lifting of the ban for early repayment of loans.
Increase the limit of cash withdrawals from 10% to 30% on funds deposited in banks abroad.
Cash withdrawal of up to 840 euros per two weeks. This is to urge Greeks to use credit or debit cards more frequently.
Increase of limits of credit card use abroad and lifting of restrictions on internet shopping.
Increase of the monthly number of remittances abroad for amounts up to 1,000 euros.
Increase the limits of remittances abroad for large import/export companies.
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
