Credit card

2,000-euro cash limit for Greek travelers abroad

Greek travelers will be able to take 2,000 euros (or equivalent in another currency) in cash, but the limit does not apply to foreign nationals.

Shipping companies can make cash withdrawals of up to 50,000 euros per day while abraod. A relevant banking committee can approve a daily limit for withdrawals so that the business needs of different companies can be met.

Greek tricks to bypass capital controls

Since the capital controls stormed into the everyday lives of ordinary Greeks it took us some time to adjust and find our footing. How to go about the mundane tasks of withdrawing some cash to visit the supermarket, or pay the private school for the kids etc. But to paraphrase the saying a little ‘necessity is the mother of inventiveness’.

Greek people face serious cash crisis

Thousands of Greek people are facing a serious cash crisis after the daily cash withdrawal limit from the country's ATMs was restricted to just 60 euros per day and the use of credit cards was frozen until June 7.

The level of the economic crisis being experienced at the moment is beyond what they imagined when they voted in January, electing the radical left coalition of Syriza. 

Greek Government Assures Foreign Tourists Will be Able to Withdraw Cash

The Greek government assured that foreign tourists staying in the country will be able to withdraw money and make transactions if in possession of a credit card issued in their home country.

According to the information, anyone issued with a credit card in a foreign country will not be affected by the newly imposed measures, which limit bank withdrawals, daily Kathimerini reports.

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