Regulatory Alerts2024-01-11 | RESOLUCIÓN DE DIRECTORIO N° 009/2024Added · Updated
Board Resolution No. 009/2024
The Central Bank of Bolivia amends the regulations for the gold export quota and the issuance of the Gold Export Certificate (CEO) to introduce an advance issuance mechanism. Gold exporters must now register as sellers, submit written requests, and provide a promissory note equal to 1% of the committed sale value as a guarantee. The resolution establishes specific sales commitment ratios (at least 1.5 times the released quantity) and strict deadlines for selling gold to the Central Bank based on the tonnage released, with penalties including temporary bans on advance CEO requests for non-compliance.
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