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Saturday, 5 August 2017

Greece, Capital Controls Restrictions

From Keep Talking Greece: "Greece to further ease Capital Controls restrictions"

"While capital controls restrict cash withdrawal, more and more Greeks use credit and debit cards or bank transactions for their payments to bypass the cash restrictions as imposed through the capital controls. I hear that some Greeks withdraw the monthly amount they are allowed to and then bring it back to the bank. The new deposit is considered as ‘new money’ and it is not subject to capital controls".


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