This enhanced distribution system, coupled with more timely and sizable interventions, is expected to meet all immediate trade related demands: from the foreign-used car dealers to manufacturing companies, small and medium businesses and conglomerates. For the first five months of 2014, we sold $ million to the financial system, with the most recent being a sale of $ million.
Let me make this clear: the new changes to the foreign exchange distribution system were not ineffective, but change is always difficult to accept. Foreign exchange management is a highly sensitive area of central banking. We are not at liberty to divulge the details of our operations.