Efforts to eliminate interest from financial transactions are futile, he says.
Most states hold the bank responsible for losses from such transactions.
But revenue from principal transactions, which include trading, fell 19 percent, to $603 million.
He had lived on proceeds from earlier illegal transactions and some more recent legal ones.
Being able to receive payment more quickly from online transactions.
The Treasury gets zero revenue from transactions that do not take place because the tax rate is too high.
American officials estimate that Ukraine could earn several billion dollars from such transactions.
About $13.6 million has already been realized from associated transactions, Reed said.
"We take pride in the fact that 30 to 35 percent of our current managers have come to us from similar transactions."
Our position is as follows: food aid must be clearly separated from commercial transactions.
