What the Greek government is telling its people about capital controls
Greek banks are closed this week, until Greeks go to the polls on Sunday to decide whether or not to approve the plan put forth by Greece's creditors.
Until then, the government has instituted capital controls, or limits on the amount of money that can move within the Greek system. The controls are meant to keep Greeks from draining their accounts in a panic.
The below infographic, posted on the government's English website about the referendum, shows how capital controls will affect Greeks over the next week.
Until the banks reopen Sunday, Greeks are limited to taking €60 ($66.40, £42.30) from ATMs per day. However, practically, the limit seems to be €50 in Athens, because the ATMs are running out of €20 notes, and can only dispense €50 notes.
What this infographic doesn't seem to say is that Greek credit cards don't seem to be working to make purchases abroad. That includes many internet purchases from non-Greek companies. Bloomberg reports that staff in its Athens bureau have been notified there are problems with recurring Apple payments, resulting in lost iCloud storage space.
