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title: "Capital controls in a failed state can last a long time. "Initially,…"
date: 2020-04-03
source: facebook
type: Archer T. Ships shared a link.
---

# Capital controls in a failed state can last a long time. "Initially,…

*April 3, 2020 · Facebook*

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[https://apnews.com/57fcf1f4694a486aa4b7cd43095ae8ee/After-3-years,-Greece-ends-limits-on-bank-cash-withdrawals](https://apnews.com/57fcf1f4694a486aa4b7cd43095ae8ee/After-3-years,-Greece-ends-limits-on-bank-cash-withdrawals){target="_blank"}
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Capital controls in a failed state can last a long time.\
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\"Initially, account holders were only allowed to withdraw 60 euros (\$70) a day, and if they missed one withdrawal they were unable to get the cash another day. That led to long queues outside bank cash machines, with some banks laying out refreshments for frustrated customers in the first few days.\
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The monthly limit of about 1,800 euros was gradually raised, reaching 5,000 euros in May.\
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The finance ministry said it aimed to fully end capital controls "as soon as possible."\"\
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[https://apnews.com/57fcf1f4694a486aa4b7cd43095ae8ee/After-3-years,-Greece-ends-limits-on-bank-cash-withdrawals](https://apnews.com/57fcf1f4694a486aa4b7cd43095ae8ee/After-3-years,-Greece-ends-limits-on-bank-cash-withdrawals){target="_blank"}
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