“According to a report by Greek newspaper Kathimerini, Greece's government has formally issued a legislative decree instituting capital controls.
Capital controls are restrictions on how money can be moved out of a banking system and are typically put in place to avoid a bank run.
According to Kathimerini, Greek banks will remain closed until at least July 6 and capital controls — which will limit the amount of money that can be withdrawn at an ATM to 60 euros per day — will be in place until then as well.
Reports also indicated that the Athens Stock Exchange would remain closed while banks are closed.”
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