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EC Suggests Looser Approach to Capital Controls on New Money

Euro money
European Commission officials are recommending a change in Greek banking policy to reduce the impact that the imposition of capital controls has had, sources told the Athens News Agency on Thursday. The adoption of a different treatment on existing and new money pumped into the system would be based on the same model adopted in Cyprus.
An advantage would help a number of operations, such as businesses in the tourism sector. This would stop them from seeking bank tools (POS) in neighboring Balkan countries.
Existing measures mean that any new money entering the domestic banking system from overseas needs to be either exported or allowed for cash, drawing up to 10 percent of the total sum.
Capital controls were first imposed on Greece on June 18, 2015, prior to the agreement of a third bailout deal between Greece and its creditors.

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