Greece eases capital controls, ends restrictions on cash withdrawals

A woman uses an ATM outside a National Bank branch in Athens, Greece, October 31, 2015. REUTERS/Michalis Karagiannis - Copyright Michalis Karagiannis(Reuters)

By Reuters

Published on 27/09/2018 - 15:34 GMT+2

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ATHENS (Reuters) - Greece will end restrictions on cash withdrawals from domestic bank accounts and increase the amount of money that can be transferred abroad as part of measures to ease capital controls imposed three years ago, the government said on Thursday.

The finance ministry's decision will go into effect on October 1.

Athens first imposed capital controls in the summer of 2015, to stem a flight of cash from its banks at the height of a debt crisis which led to its third financial bailout since 2010.

(Reporting by George Georgiopoulos)

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