Greek government slightly eases capital controls

August 18, 2015 8:18 PM

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Greek government slightly eases capital controls

[ATHENS] The Greek government on Tuesday revealed it was easing slightly the capital controls imposed on the debt-hit country by allowing individuals to transfer 500 euros (S$774) per month abroad.

Almost all transfers from Greek bank accounts to foreign bank accounts had been banned by the capital controls introduced on June 29 to stop a panicked outflow of cash from the country's banks.

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