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Capital Controls as a Tourist

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Traekos77
 
Reply Sat 13 Jun, 2015 09:12 am
If Greece (for example) imposes capital controls, do the capital controls apply to tourists using Greek ATMs but having bank accounts in a different country?

Are capital controls about local deposits (only) or also about the cash in the ATMs even when the ATM user isn't a local?
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Thomas
 
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Reply Sat 13 Jun, 2015 10:23 am
@Traekos77,
Traekos77 wrote:
If Greece (for example) imposes capital controls, do the capital controls apply to tourists using Greek ATMs but having bank accounts in a different country?

As a matter of law, probably yes. As a matter of practice, almost certainly no. All capital controls that I know of are designed to curb the flow of money out of the controlling country. So as long as you're using the Greek ATM to get money out of your foreign account, you should be fine.
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