Monday, 18 December, 2017 @ 22:30:37

Author Topic: Cash withdrawals  (Read 500 times)

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Offline Maik

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Cash withdrawals
« on: Friday, 04 August, 2017 @ 07:00:21 »
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Greece to further ease restrictions on individual bank withdrawals

New regulations, effective on Sept. 1, will allow individuals to withdraw lump sums of up to 1,800 euros per calendar month, compared to a maximum 840 euro limit every two weeks which existed previously.
http://www.reuters.com/article/us-eurozone-greece-capital-controls-idUSKBN1AJ30Y

Offline TonyD

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Re: Cash withdrawals
« Reply #1 on: Friday, 04 August, 2017 @ 10:00:56 »
New = €1,800 per month = 12 x 1,800 = €21,600 pa

Old = €840 per two weeks = 26 x 840 = €21,840 pa

???!!!

Offline Maik

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Re: Cash withdrawals
« Reply #2 on: Friday, 04 August, 2017 @ 15:25:57 »
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According to the decision, signed by relevant FinMin Euclid Tsakalotos, up to 1,800 euros in previously held deposits - new deposits are excluded from capital controls - can be withdrawn as cash every month. The cash can also be withdrawn with one transaction. The current limit, 840 euros every 14 days translates into 1,680 euros every 28 days.
http://www.naftemporiki.gr/story/1264660/further-loosening-of-2015-era-capital-controls-in-greece-announced


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Offline HiFi

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Re: Cash withdrawals
« Reply #3 on: Friday, 04 August, 2017 @ 16:02:16 »
It is an improvement if you only go once a month. At the moment if you only go once a month it's 840 euros. (Although you can get that twice a month (every 2 weeks) if you wish per card....

Offline TonyD

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Re: Cash withdrawals
« Reply #4 on: Friday, 04 August, 2017 @ 18:36:44 »
I was being a tad pedantic....

The ambiguity between "every two weeks" and "twice a month" confuses the issue here as twice a month equals 24 whilst every two weeks equals 26

Offline Maik

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Re: Cash withdrawals
« Reply #5 on: Friday, 04 August, 2017 @ 20:12:22 »
I was being a tad pedantic....

Nah. Like HiFi says, it's an improvement if you only go once a month, otherwise...

Offline Maik

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Re: Cash withdrawals
« Reply #6 on: Saturday, 05 August, 2017 @ 21:14:35 »
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The government is gearing up to launch new measures that are billed as easing the capital controls but which will in fact reduce the annual amount of cash bank clients can withdraw.
http://www.ekathimerini.com/220680/article/ekathimerini/business/are-the-capital-controls-easing