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Greece to Fully Lift Capital Restrictions Starting September 1

  • Last restrictions concerned transferring funds outside Greece
  • Capital restrictions were first put in place in June 2015
Kyriakos Mitsotakis

Kyriakos Mitsotakis

Photographer: Jeanne Frank/Bloomberg 

Greece is lifting all remaining limits on the free movement of capital outside the country after four years of restrictions, signaling a further return to normality for the country’s economy.

Capital controls are “now a thing of the past,” Prime Minister Kyriakos Mitsotakis told lawmakers in Athens on Monday, after announcing the move. The restrictions will officially be lifted on Sept. 1.