Arab Today, arab today greek capital controls key measures explained
Last Updated : GMT 19:57:22
Arab Today, arab today
Arab Today, arab today

Greek capital controls: key measures explained

Arab Today, arab today

Arab Today, arab today Greek capital controls: key measures explained

If Greece is forced to exit the Eurozone
Athens - AFP

Greece has imposed capital controls and shut its banks temporarily after failing to reach a rescue deal with international creditors or get additional emergency funds from the European Central Bank.

Here are the measures that have been implemented:

Bank holiday

All bank branches to remain closed until after a referendum on the terms of the proffered EU-IMF cash-for-reforms bailout deal, scheduled for July 5. The government says banks will open again on July 7 but it reserves the right to shorten or length the holiday.

Many Greeks use their local banks to pay their electricity, telephone and water bills. Those who are not able to pay them online will not face penalties for delayed payments.

Cash withdrawals

Customers are restricted to withdrawing 60 euros ($66.65) a day from ATMs for every bank card. Joint account owners can take out 120 euros.

In a bid not to damage the country's vital tourism sector, foreign bank cards are exempt from controls.

Bank cards/Online payments

Customers will, in principle, be able to pay by credit or debit card as usual and Internet transactions should not be affected.

Foreign transfers

Anyone trying to send money out of Greece will have to get approval from the Ministry of Finance, which has promised to bear in mind the "public and social interest" in granting requests, with exemptions likely for medical expenses or pharmaceutical imports.

Pensions

The 60 euro limit does not apply to pension withdrawals, and the retired are being advised they can take cash out from certain banks. The details are still hazy, but the government has said over 170 banks across the country will soon be open for pension withdrawals.

 

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greek capital controls key measures explained Arab Today, arab today greek capital controls key measures explained

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday