BIS issues guidance on Greece for businesses (Demo)

Greece has introduced temporary capital controls: guidance for businesses.

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Greece has announced that they are introducing capital controls on the movement of currency. If you trade with Greece, or you rely on suppliers there, you may find that you are directly affected by the situation. The way your company is affected will depend on:

  • the business that you do
  • the contracts you have
  • whether your bank has been affected

As a result of the temporary capital controls introduced by Greece, it is possible that you may experience delays in receiving payments originating from Greece. Greek companies may experience problems making payments and deliveries. The main impacts you may experience relate to contracts and the transfer of money (cash flow). Where countries have experienced disruption in the past, companies have experienced:

  • delays on payments and deliveries
  • impacts on demand due to ongoing economic uncertainty

To ensure you are aware of the current trading conditions , see the gov.uk website for detailed guidance.

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