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Παρασκευή, 18 Νοεμβρίου 2016 15:07

Further loosening of Greek capital controls announced

The government on Friday further loosened capital controls on bank deposits held in Greek banks, a measure imposed by the same ruling party, SYRIZA, in the wake of the announcement of a controversial referendum in late June 2015.

The government on Friday further loosened capital controls on bank deposits held in Greek banks, a measure imposed by the same ruling party, SYRIZA, in the wake of the announcement of a controversial referendum in late June 2015.

The decision, signed by FinMin Euclid Tsakalotos has already been published in the government gazette, and allows legal entities that field double entry accounting books to open new bank accounts unconditionally.

Among others, a number of international agencies active in Greece, such as Frontex and the IMF, will no longer face any capital controls.