The intervention of the President of the Administrative Board of IKY, Effie Basdra, was crucial as IKY played a leading role between the communications with the Bank of Greece and the Finance Minister.
The restrictions concerned:
1. New accounts by public and private schools recipients of the Erasmus+
2. New accounts by incoming or outgoing students
3. Adding a beneficiary to an existing account
4. Transfer of funds between institutions and beneficiaries
Capital controls restrictions regarding beneficiaries of the Erasmus+ programme, are lifted due to State Scholarships Foundation’s initiative
State Scholarships Foundation (IKY), National Agency for Erasmus+ in Greece, announces that all restrictions regarding the capital controls in bank transactions in Greece, have been resolved.