Banks in Greece open today to significant lines, however, there is a notable tax hike. Read more below:
This article originally appeared on NBCnews.com
Greeks woke up Monday morning to a new era: banks were finally open after being closed down for three weeks but new taxes meant coffee, tea and even condoms all cost more.
In downtown Athens, people lined up in an orderly fashion as the banks unlocked their doors at 8 a.m., taking a number and reading the paper as they waited for their turn at the till.
Many restrictions on transactions, including cash withdrawals, remained, however.
The Greek government kept the daily cash withdrawal limit at 60 euros ($65) but added a weekly limit of 420 euros ($455) that will be available beginning Sunday. This means depositors who don't make it to the bank on Monday to withdraw cash could pull out 120 euros ($130) on Tuesday instead, and so on, so Greeks don't have to feel they need to visit an ATM every day.
Bank customers will still not be able to cash checks, only deposit them into their accounts, and they will not be able to get cash abroad with their credit or cash cards, only make purchases. There are also restrictions on opening new accounts or activating dormant ones.
Many goods and services also just became more expensive as a result of a rise in Value Added Tax approved by Parliament on Thursday, among the first batch of austerity measures demanded by Greece's creditors. Lawmakers also agreed to deep reforms in Greece's pension system including a gradual phasing out of all early retirement options.
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