Regulatory Alerts2015-03-09 | RESOLUCION DE DIRECTORIO Nº 033/2015Added · Updated
Board Resolution No. 033/2015: Approval of the Creation of Special Monetary Regulation Deposits
The Board of Directors of the Central Bank of Bolivia approves the creation and implementation of Special Monetary Regulation Deposits - Second Offer (DERM-2) directed at Financial Intermediation Entities (EIFs). The total offering amount is capped at Bs2,000 million, with a voluntary application period from March 12 to April 3, 2015, or until the total amount is exhausted. These deposits mature on July 10, 2015, carry an annual effective rate of 1.75%, and are allocated on a first-come, first-served basis. Funds deposited cannot be used to meet legal reserve requirements or guarantee other operations.
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