Greece loosens capital control and expands deposit withdrawals from abroad

Greece has taken a new step in the progressive relaxation of capital control and has expanded the possibilities of opening a bank account and withdrawing deposits of money transferred from the Foreign.

Athens, Nov 15 (EFE) .- Greece has taken a new step in the progressive relaxation of capital control and has expanded the possibilities of opening a bank account and withdrawing deposits from money transferred from abroad.

According to the ministerial decree published last night, from now on it will be allowed to open a new bank account to all the people who they still do not have any.

For this, the person in question must sign a declaration in which he / she affirms that he / she has not opened any account in another credit institute, in order that a new client code can be generated.

Likewise, the complete withdrawal of all money transferred from abroad to a local bank is authorized.

Until now it would allow only 50% of the deposits to be withdrawn.

The limit that a company can transfer abroad is also raised from 10,000 to 20,000 euros.

The last relaxation of the Capital control took place last September when the government of Alexis Tsipras relaxed the possibilities of withdrawing cash.

Since then, citizens have been able to withdraw 1,800 euros per month, regardless of whether they do it once or in several installments, replacing the limit of 840 euros every two weeks.

On June 28, 2015, in full strip and loosen the negotiations for a third rescue, the Government of Tsipras imposed a corralito to stop the massive exit of deposits that was taking place.

Since then there has been several relaxations, whose objective is to improve bank management and attract new deposits.