Member of Budget and Planning Committee of House of Representatives, MP Mohamed el-Shahawy proposed Sunday to close all exchange offices across the nation to control the prices of US dollars and eliminate the black market, al-Bawaba News reported. "The solution is to close all exchange offices and offer dollars by banks only, and to restrict the punishment against currency traders," Shahawy told al-Bawaba News, proposing to sentence them to death and life in prison. The US dollar registered at EGP 12.27 at the black market on Sunday.