Greeks finally saw their banks re-open at 8am local time on Monday, although many restrictions on transactions, including cash withdrawals, remain in place. In a decree published on Saturday, the Greek government kept the daily cash withdrawal limit at 60 euros, just about 65 U.S. dollars, but added a weekly limit.
Bank customers will still not be able to cash cheques, only deposit them into their accounts, and will not be able to get cash abroad with their credit or cash cards, only make purchases. Greece closed its banks on 29 Jun to prevent a bank run after the European Central Bank failed to increase emergency funding as Greece's second bailout expired.
The ECB later raised its emergency funding to the cash-strapped banks, after the Greek Parliament passed an agreement on Thursday to seek a third bailout.
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