Greece debt crisis: Banks reopen but ATM withdrawal restrictions remain

Greece's banks have reportedly reopened three weeks after being shut down amid uncertainty over the country's debt crisis.

The development came after Athens reached a deal aimed at averting a debt default and an exit from the eurozone, reported the BBC.

However, many restrictions, including a block on money transfers abroad and strict limits on withdrawals, remain. Starting Monday, the daily ATM withdrawal limit became a weekly one, capped at 420 euros.

Greeks will also have to face price rises with an increase in Value Added Tax (VAT).

Meanwhile, Germany has said that it is ready to consider providing further debt relief to Greece.