European Commission officials are recommending adopting different policies in treating existing and new money in the Greek banking system, in the framework of reducing the impact from capital controls in the country, sources told AMNA on Thursday.
The sources said that “it should be a clear distinction between new and old money in the Greek banking system,” based on the model adopted since the first day of introducing capital controls in Cyprus in the past.
At the same time, it would help the operation of a series of enterprises, such as the tourism sector, ending practices of seeking banking tools (POS) offered by neighboring Balkan countries.
Under existing capital controls, any new money entering the domestic banking system from abroad is able to either be exported again or allowed for cash draws up to 10 pct of total sum.
Source: ANA-MPA
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
