Greek government eases capital controls

Market news

18 August 2015

Greek government eases capital controls

Greece eased capital controls. Greeks can now transfer up to €500 abroad.

Parents can transfer €8,000 to their children studying abroad to cover tuition fees and other expenses, up from €5,000.

Greeks now can open bank accounts for debt repayments. Withdrawals are still limited to €420 a week.

The Greek imposed capital controls on June 29.

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