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.

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

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