CHANGE Today the Capital controls

The changes apply from today….Two changes in capital controls applicable to Greek banks brings to a Legislative Act.
Incentives for the repatriation of capital, and facilities for borrowers and depositors bring the proposals have been drawn up by the government and the Bank of Greece for the relaxation of capital controls and have been sent for approval to the institutions.
The new interventions proposed by the Commission Authorisation of Banking Transactions to the Finance minister, Euclid Thanksgiving and which incorporate positions that has transferred the Greek Union of Banks, the Bank of Greece give weight to return to the banking system, money that is either in foreign banks or in the “layers”.
In particular, the new measures of relaxation include:
Lifting of the ban on cash when they come from new deposits in cash (new money). This means that if someone filed a 1,000-euro who keeps in his house to the bank and you can the next time of deposit to pick up the entire amount of eur 1,000 if he so wishes , as it does not apply to the limit of the weekly commitment of 420 euros.
Increase in the rate of withdrawal from 10% to 30% of free capital coming from abroad. Today if someone brought a $ 10,000 currency in a Greek bank can withdraw only $ 1,000. After activation of the new changes will be able to raise $ 3,000.
Full lifting of the ban on the repayment of loans. Today, depositors can pay up to 50% of outstanding loan with the money they have in banks. With the new setup if anyone has an outstanding loan of € 50,000 and deposits of 50,000 euros will be able to dispose of 100% of the money to repay and it is not restricted to the use of $ 25,000 as is currently the case.
Withdraw cash up to 840 euro per two weeks. Today if someone didn’t pick up 420 euros in the week loses the right to receive the amount with the start of the next week. The weekly withdrawal limit becomes 15νθήμερο and everyone will be able to raise the total amount of 840 euros within a period covering the time of two weeks.
Even the Commission for Approval of Banking Transactions is in the process of modification of decisions that will provide for:
The increase in the limits of the sub-Committees of the banks (up to eur 250,000/per client/per day) as well as the amounts that can be carried out directly by banks without the requirement of prior historical data (up to 20,000 euro per client/per day). The aim is for the businesses to be served no later than time T+1 so as not to interfere with the transaction of their picture with their partners abroad.
The increase in the limits on use of cards abroad, with a parallel opening, through the internet, many international sites of almost all of internet shopping, which will facilitate the transactions of legal and natural persons with counterparties abroad.
The increase in the monthly limits of both banks and Payment Institutions to send remittances of up to 1,000 euros.Source

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