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Sunday, July 19, 2015

Greek banks to reopen for first time in three weeks

Withdrawal limit relaxed to €420 a week and deposit boxes can be emptied, but capital controls remainGreek banks will reopen on Monday morning for the first time in three weeks, with queues expected to form outside branches as customers rush to empty deposit boxes they have been unable to access.Withdrawals will still be restricted, but in a slight relaxation of capital controls, Greeks will be able to withdraw a weekly allowance of €420 (£290) in one transaction rather than being limited to €60 a day. Restrictions on sending money abroad and other controls remain in place. Related: Now a deal has been done, what lies ahead for the Greek economy? Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com