Advertisement
Singapore markets closed
  • Straits Times Index

    3,176.51
    -11.15 (-0.35%)
     
  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     
  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     
  • FTSE 100

    7,835.53
    -41.52 (-0.53%)
     
  • Bitcoin USD

    65,263.93
    +3,384.65 (+5.47%)
     
  • CMC Crypto 200

    1,341.96
    +29.33 (+2.29%)
     
  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     
  • Dow

    37,775.38
    +22.07 (+0.06%)
     
  • Nasdaq

    15,601.50
    -81.87 (-0.52%)
     
  • Gold

    2,395.40
    -2.60 (-0.11%)
     
  • Crude Oil

    82.14
    -0.59 (-0.71%)
     
  • 10-Yr Bond

    4.6470
    0.0000 (0.00%)
     
  • FTSE Bursa Malaysia

    1,547.57
    +2.81 (+0.18%)
     
  • Jakarta Composite Index

    7,087.32
    -79.50 (-1.11%)
     
  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

People in Greece can’t buy things on iTunes because of the country’s capital controls

People on MacBook laptops
People on MacBook laptops

Flickr/Ann Wuyts

Greek people are having some iTunes problems.

iTunes customers in Greece are unable to buy albums because the country’s capital controls stop them sending money abroad, Gizmodo reports.

Anybody in Greece who tries to buy an album on iTunes is left with error messages (and no album). That’s because Apple is a foreign company, and Greeks are prevented from sending money abroad. If capital controls weren’t in place in Greece, then the country’s banks could run out of money.

Another problem that Greek people have with Apple right now is to do with online iCloud storage. Every user is given 5GB for free, but that’s often not enough to back up multiple devices, photos and apps. So people often pay for more space. However, people in Greece are finding that their iCloud subscriptions are being disabled because the regular monthly payments to Apple are restricted by the country’s capital controls.

ADVERTISEMENT

A block on iTunes purchases isn’t the only effect of capital control. It also means that any safe deposit boxes stored in banks have to remain shut, and Greek people can only withdraw a maximum of €60 per day from ATMs.

NOW WATCH: Dwight from ‘The Office’ explains how Twitter has evolved over the years


The post People in Greece can’t buy things on iTunes because of the country’s capital controls appeared first on Business Insider.