Govt orders state entities to transfer cash reserves to central bank by March 1
With the Greek state’s latest foray into money markets for its post-bailout borrowing needs, a decision by the finance ministry was published on Monday ordering all state entities to transfer their reserves to a special account at the Bank of Greece (BoG).
The move essentially aims to boost a more than 25-billion-euro “cash cushion” accumulated by the Greek state – from unused bailout loans extended by institutional creditors from the third memorandum – to more than 40 billion euros.
General government entities – organizations, agencies, utilities etc – are given 30 days to transfer their reserves, based on a decision published in the government gazette, signed by Alternate Finance Minister Giorgos Chouliarakis.
You may be interested
New Covid-19 curfew maps – Who can move, why and when (alert maps)makis - Oct 23, 2020
Deputy Minister of Civil Protection Nikos Hardalias presented the plan for workers and those eligible to freely move by exception…
Mitsotakis: Masks everywhere & curfew at night in the “orange” & “red” areas of the countrymakis - Oct 22, 2020
The obligatory use of a mask everywhere was announced by the Prime Minister Kyriakos Mitsotakis as the first measure to…
Coronavirus Greece: Explosive rise with 865 new cases, 331 in Attica & 181 in Thessalonikimakis - Oct 21, 2020
The Greek authorities announced today 865 new cases of coronavirus in the country, of which 82 are associated with known…