Bank ‘holiday’ extended – cap on travelers’ cash reported

Cap controls continue to strangle ‘real economy’

Greek banks will remain closed until next Monday, with what comes next being anyone’s guess. The daily withdrawal limit remains at 60 euros per account.

Moreover, according to reports, a 1,000-euro cap will be imposed on the amount of cash Greek citizens can take with them when travelling abroad. In the past, the limit was 10,000 euros in cash, although citizens used bank transfers, bank checks, travelers’ cheques, credit cards etc. to manage their money as they sought fit.