Greek bank branches have reopened their doors following a three-week closure, as the government initiates repayment of its loans to the ECB and IMF.

This follows the European Central Bank’s decision last week to pump EUR900m worth of fresh liquidity into Greek banks, taking its emergency liquidity assistance to the country to EUR89.9bn.

However, the reopened banks will offer only basic services such as making domestic payments in person, which clients in recent weeks have only been able to carry out online.

Also, customers can now again access their safe-deposit boxes.

The withdrawal limit of EUR60 per account daily has now been replaced with a weekly limit of EUR420. Retirees have been restricted to withdraw EUR120 per week from their pensions.

However, the restriction on all inbound and outbound international transfers still remains in place.

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