New CBI announcement 02/17/2014

[skrappyone]

What exactly does this say in English?

Applications for all banks.... What type of application?

Provided a window.... What type of window?

to the sale of foreign currency.... I take it this is foreign currency trading.

including banks that did not report their capital reduction...  What capital reduction are they referring to?

 

 

Ambiguous at best.

 

Somebody like the janitor not get his name in the news lately?

 

I believe what it is saying, and I could be wrong is this.  They are making it possible for all banks to do the foreign currency exchange thru a "single window" type transaction.  Meaning it cuts out a lot of the hassle and red tape.  Easier accountability in my thinking.  

[uncirculd]

I thought they were talking about auctions of the dollar.  The exact same thing that the banks complained about last week. They have to pass a certain criteria.  So they can have the CBI required reserves.   JMHO

Edited February 19, 2014 by uncirculd

[djgabrielie]

FROM MY EXPERIENCE:

 

"Application to" = A call too

"Provided a window" = within a certain amount of time; ex; one week, two weeks, etc.

"capital reduction" = holdings of capital, and I believe in this context it means currency reduction 

Thanks TBomb... I'm rusty on posts from various Iraqi publicists.

I believe what it is saying, and I could be wrong is this.  They are making it possible for all banks to do the foreign currency exchange thru a "single window" type transaction.  Meaning it cuts out a lot of the hassle and red tape.  Easier accountability in my thinking.  

Thanks