It would probably mean that the bank could do only a modest amount of business, without the benefit of dollar transactions.
Banks will end dollar transactions and convert dollar accounts to pesos.
But the liquidity is just not there in the system for multimillion dollar transactions...
Those changes unleashed a torrent of communications deal making in which multi-billion dollar transactions have become common.
He was detained in June 1986, accused of involvement in illegal dollar transaction, but was freed two weeks later under a personal surety.
The corridor will soon approach New York, the world capital of money flow, in total dollar transactions.
The settlement system handles about 95 percent of all international dollar transactions.
But trade accounts are settled in money, not tonnage; the deficit in dollar transactions didn't peak until last year's final quarter.
Second, he will add 31 additional companies to the sanctions list, barring them from any dollar transactions within the United States financial system.
It has added 31 additional companies to an already existing sanctions list, barring them from any dollar transactions within the United States financial system.