All banks in Greece, which have been closed since June 29, will open on Monday (July 20), Greek media said Thursday.
Banking sources told the official Greek news agency ANA-MPA that banks will open but the current 60-euro ($65) limit on daily cash withdrawals will remain.
The agency said that one key difference was that account holders will be able to carry over their withdrawal allowance for at least one or two days, which means that if a person does not withdraw the amount one day, he/she may withdraw up to 120 euros the following day.
The news comes hours after the Greek parliament approved a bill of tough measures and economic reforms early Thursday morning.
The harsh austerity package proposed by Prime Minister Alexis Tsipras, aimed at satisfying the country’s European creditors and securing a three-year bailout worth 85 billion euros ($93 billion), was greeted with violent protests on the streets of Athens.
The European Central Bank President Mario Draghi said Thursday that the bank had raised its liquidity provision to Greece by 900 million euros ($979 million) for this week.
On the other hand, the finance ministers of Eurozone countries authorized Thursday a 7 billion-euro ($7.6 billion) bridge loan to Greece. EU countries are awaited to approve the loan on Friday.
Greece granted a total of over 300 billion euros in loans
Once the third aid package will be granted to Greece, the total amount of loans that Greece was granted in the last five years will surpass 300 billion euros ($326 billion).
In the framework of the first aid package in 2010, Greece was granted 21.7 billion euros ($23.6 billion) from the IMF and 53 billion euros ($57.6 billion) from the Eurozone countries.
In 2012, Greece was granted 11.6 billion euros ($12.6 billion) from the IMF and a total of 130.6 billion euros ($142 billion) by The European Financial Stability Fund (EFSF).
