Greece Eases Some Limits On Money Transfers

ATHENS, Greece (AP) — The Greek government has slightly relaxed its restrictions on banking transactions, allowing small amounts to be sent abroad for the first time in about two months.

Now Greeks can send up to 500 euros ($555) abroad per person per month, and up to 8,000 euros per quarter to students studying abroad to cover accommodation costs.

The government restricted banking transactions in late June to prevent a bank run after Prime Minister Alexis Tsipras announced a referendum on creditors' terms for a new bailout.

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