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Under a ministerial decree issued in the Official Gazette, bank
accounts can be opened for debt repayments, while up to 8,000
euros for student tuition and living expenses paid abroad are
allowed per academic quarter.
However, individuals can still withdraw only 420 euros in cash
from their bank accounts a week.
The decree, published on Monday, also said bank transactions
related, among others, to foreign exchange spot transactions,
interbank lending, derivatives trading, rollovers and
transactions which did not materially change the liquidity of
the credit institution were permitted, and prior authorization
was not required.
Greece imposed capital controls and ordered banks to shut
temporarily on June 29, after the European Central Bank had
refused to increase emergency funding to the lenders following a
breakdown of bailout talks between Athens and foreign creditors.
A bailout deal worth up to 86 billion euros has since been
sealed and banks have reopened, but with a limited scope of
activity.
The country has been gradually easing the capital controls since
July when raised it limits on business payments abroad to
150,000 euros from 50,000.
(Reporting By Michele Kambas; editing by David Stamp)
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