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Finance Ministry further eases capital controls

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Finance Ministry further eases capital controls

The 35th Decree on the enforcement of restrictive measures on transactions includes the increase of transfers of deposits/funds outside the Republic from €50.000 to €1.000.000 per month, per person for each credit institution and or payment institution regardless of the purpose.

The 35th Decree was issued on Friday by the Ministry of Finance and published in the Gazette.

This Decree shall apply for a twenty one day period starting on the 16th of March 2015.

No change has been introduced in the 28th Decree on international banks.