Greek financial situation
Posted by Zoe Stewart, 20th Jul 2015
Update 20th July 2015
We are continuing to monitor events in Greece and her surrounding Islands closely, and keeping in touch with the Foreign Office for advice.
The government of Greece announced on 18 July that banks will reopen on 20 July. Only limited banking services will be available. The Greek government continues to limit withdrawals using cards issued by Greek banks to 60 euros per day. At this time, you can continue to withdraw cash using your card as normal, up to the daily limit imposed by the Greek banking system (usually 600 euros), or the daily limit imposed by your card issuer - whichever is the lower amount, as long as the ATM has been replenished. The system for paying with debit and credit cards for retail transactions continues to function. Western Union has suspended the transfer of money to and from Greece.
While withdrawals are limited, make sure you take sufficient euros in cash to cover the duration of your stay, emergencies, unforeseen circumstances and any unexpected delays. There is currently no guarantee that visitors will be able to exchange sterling for euros in Greece. Visitors must therefore bring euros with them.
You should take appropriate security precautions against theft. There are currently no restrictions on taking unspent euros out of Greece at the end of your stay.
There have been some media reports of a shortage of medical supplies in Greece. While pharmacies across the country appear to be operating relatively normally, you should make sure you have sufficient medical supplies (including prescription medicines) for the duration of your stay and any unforeseen delays.
For the latest information, please check on the Foreign Office website below:
Foreign Travel Advice - Greece (https://www.gov.uk/foreign-travel-advice/greece)
We are continuing to monitor events in Greece and her surrounding Islands closely, and keeping in touch with the Foreign Office for advice.
The government of Greece announced on 18 July that banks will reopen on 20 July. Only limited banking services will be available. The Greek government continues to limit withdrawals using cards issued by Greek banks to 60 euros per day. At this time, you can continue to withdraw cash using your card as normal, up to the daily limit imposed by the Greek banking system (usually 600 euros), or the daily limit imposed by your card issuer - whichever is the lower amount, as long as the ATM has been replenished. The system for paying with debit and credit cards for retail transactions continues to function. Western Union has suspended the transfer of money to and from Greece.
While withdrawals are limited, make sure you take sufficient euros in cash to cover the duration of your stay, emergencies, unforeseen circumstances and any unexpected delays. There is currently no guarantee that visitors will be able to exchange sterling for euros in Greece. Visitors must therefore bring euros with them.
You should take appropriate security precautions against theft. There are currently no restrictions on taking unspent euros out of Greece at the end of your stay.
There have been some media reports of a shortage of medical supplies in Greece. While pharmacies across the country appear to be operating relatively normally, you should make sure you have sufficient medical supplies (including prescription medicines) for the duration of your stay and any unforeseen delays.
For the latest information, please check on the Foreign Office website below:
Foreign Travel Advice - Greece (https://www.gov.uk/foreign-travel-advice/greece)
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