From June 4, the amount of money withdrawn per month will increase from 2,300 euros to 5,000 euros, while the transactions of legal persons or traders with entities abroad will be facilitated. These are stipulated in the decision by Finance Minister Euclid Tsakalotos, which amends the restrictions in cash withdrawal and capital transfer (capital controls) adopted in July 2015.

According to the Finance Ministry, this decision is one more step within the scope of the Roadmap on the gradual loosening of restrictions in cash withdrawal and capital transfer. The authorities aim at fully lifting capital controls as soon as possible, ensuring financial and macroeconomic stability, the Ministry says.

 

Translation: Eleni Gogou