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Tag Archives: cash

BoG: Greek state’s cash reserves stood at €34.5 billion in December 2020

The Greek state’s cash reserves stood at 34.5 billion euros at the end of 2020, according to the Bank of Greece balance sheet released on Monday. The general government’s deposits in the Bank of Greece stood at 24.1 billion euros in December, from 29.1 billion in October, 28.2 billion in …

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IOBE report: Greek businesses & households have €57.5 billion in depositsabroad

Greeks love cash and have billions of euros in deposits abroad. According to a survey report by the Foundation for Economic & Industrial Research (IOBE), 19% of the mobile assets of Greek businesses and households are outside Greece. By the end of 2018, they amounted 57.5 billion euros. With 10.4%, …

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Greece lowers limit for cash transactions to 300 euros

Greece lowers the limit of cash transactions from 500 euro to 300. Purchases with a value above the new limit should be made exclusively through electronic payments. The new limit is thought as a measure to combat tax evasion. This is one of the measures of the draft tax bill …

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Greece lifts cash withdrawal cap after 3.5 years of Capital Controls

After three years and three months, Greece lifted the cap on cash withdrawals on 1. October 2018. It herewith completes the so-called “second pillar” of Capital Controls imposed in the country on end June 2015. The Finance Ministry has issued the relevant decision on Thursday, Sept 27th 2018, the decision …

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Greece loosens capital controls with spectacular up to €5,000 per month

Greece’s Finance Ministry has reportedly already prepared a new legislation that will further loosen capital controls and spectacularly raise the monthly cap of cash withdrawals for natural persons.  The new measure will allow bank account holders to withdraw up to 5,000 euros per month. Since 1. March 2018, the withdrawal …

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Mysterious suicide committed by a foreign national jumping from hotel in downtown Athens

A mysterious suicide from the upper floor of a hotel in downtown Athens is puzzling the Greek police: the man, a foreign national, had with him a suitcase with four thousand euros. The 42-year-old man walked into a hotel close to Omonoia Square in Athens short before 10 o’ clock …

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EU Commission to give Greece €209mln to help refugees with rent, cash

The European Commission will give Greece 209 million euros ($245 million) in new emergency aid to help refugees stranded in the country rent homes and pay for basics with a cash card, the Commission said on Thursday. About 62,000 refugees and migrants, mainly Syrians, Afghans and Iraqis headed to northern …

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“I had agreed with Russia to give cash that would help with Grexit,” claims ex Syriza Minister

Panagiotis Lafazanis, energy minister in the first SYRIZA government, claimed he had agreed with Moscow in 2015 that Russia would make a down-payment for a gas pipeline so that the money could be used to finance rexit if the country would decide to leave the euro zone. Lafazanis told Vima …

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The scent of Euro: Greece to “hire” dogs to sniff out cash in suitcases

What is the scent of euro banknotes? Old ink? Musty paper? Wooden fiber? Do banknotes absorb the smell of the place where they were stored? Do euro banknotes smell like Mattress mites? Flowerpot soil and baked terracotta? And how does the color affect the scent? Do 500-euro banknotes have the …

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