Greece to lift restrictions on transferring money abroad this week, four years after they were imposed during euro crisis

27 August 2019
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Greece will lift restrictions on transferring money abroad this week, four years after they were imposed during the euro crisis.

The country brought in the draconian measure after fears that it would crash out of the euro triggered a run on its banks.

As it stands, businesses cannot transfer more than £91,000 per day out of the country, and individuals cannot move more than £3,600 every two months.

Moving on: Greece brought in the draconian measure after fears that it would crash out of the euro triggered a run on its banks +1
Moving on: Greece brought in the draconian measure after fears that it would crash out of the euro triggered a run on its banks

Greece’s finance minister, Christos Staikouras, who said the change would come into force on Sunday, told the country’s parliament: ‘Restoring free movement of capital will contribute significantly to strengthening confidence [in Greece] and attracting investments.’

Source: dailymail

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