The finance ministry announced on Friday it was abolishing restrictions on fixed term bank deposits, introduced last year along with other capital controls to prevent a bank run.
The ministry also said it was increasing the current limit for monthly money transfers per person within the Republic, regardless of purpose, from €15,000 to €20,000.
The same applies to companies, which can now transfer €100,000 per month instead of €75,000.
It was conditional for €10 billion in aid from the EU and the
Based on the plan for a gradual relaxation on transactions, domestic controls will be fully eased first, before transactions involving money transfers abroad are scrapped.
There has been an incremental easing of restrictions, but cash withdrawals are still limited to €300 per day and cashing of cheques is not allowed.
The ministry said on Friday that according to the roadmap, which was published in
Send to Kindle
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Apple, HP, Intel May Take a Hit from Slowdown in Smartphone Sales Growth
- Elizabeth Vargas' Husband Marc Cohn Addresses Rumors
- FDIC Files Lawsuit on Behalf of Banks Allegedly Hurt by Libor Scandal
- Keurig Adds Peet's coffee, Alters Starbucks deal
- Motley Crue's Nikki Sixx Marries Model Courtney Bingham
- U.S. to Relinquish Gov't Control Over Internet
- Chinese e-Commerce Giant Alibaba Gears for IPO in U.S.
- Some California Cities Seeking Water Independence
- Will Missing Malaysian Jet Prompt Aviation System Change?