11. In late June, the Government imposed controls on all foreign currency transactions and on hundreds of prices. 12. It was lost in currency transactions after the Russian government allowed the ruble to be devalued. 13. Later in the day, the bank said it would not put limits on currency transactions. 14. Lindsey, who has been informed by prosecutors that he may be indicted, insists he complied with the law and had no reason to hide the currency transactions. 15. Many banks stopped lending money or completing currency transactions. 16. Now they will gradually be allowed to provide services to Chinese companies, making them loans, handling currency transactions and providing other services. 17. Rather than ask contributions of member nations from their tax dollars, DeFazio wants new IMF money to come from fees on currency transactions by international banks. 18. Santer also said that he opposes tougher measures such as reintroducing controls on capital flows or taxes on currency transactions to enhance currency stability. 19. Smith said the decision has had no impact on currency transactions with Bank of Montreal customers. 20. The bank pays no taxes on this gain from the currency transactions because it has losses to offset the deal. |
|