Board Resolution No. 043/2026

BOARD OF DIRECTORS
BOARD RESOLUTION NO. 43/2026
SUBJECT: ECONOMIC POLICY ADVISORY - INTERNATIONAL OPERATIONS MANAGEMENT - MODIFY THE FOREIGN EXCHANGE OPERATIONS REGULATION.

HAVING SEEN:
The Political Constitution of the State of February 7, 2009.
Law No. 1670 of October 31, 1995, of the Central Bank of Bolivia (BCB) and its modifications.
The BCB Statute approved by Board Resolution No. 95/2022 of October 6, 2022.
The Foreign Exchange Operations Regulation approved by Board Resolution No. 63/2013 of June 11, 2013, and its modifications.
The report BCB-GOI-INF-2026-4 of April 6, 2026, from the International Operations Management (GOI) and the Economic Policy Advisory (APEC).
The report BCB-GAL-SANO-DLBCI-INF-2026-83 of April 6, 2026, from the Legal Affairs Management (GAL).

CONSIDERING:
That Article 328, paragraph I, numeral 2) of the Political Constitution of the State provides that it is the responsibility of the BCB, in coordination with the economic policy determined by the Executive Branch, to execute foreign exchange policy. That Law No. 1670 in its Article 1 provides that the BCB is the sole monetary and foreign exchange authority of the country, with administrative, technical, and financial competence and specialized normative powers of general application. In its Article 3, it determines that the BCB will formulate general application policies in monetary, foreign exchange, and payment system matters to fulfill its object.

BOARD OF DIRECTORS
II. B.D. No. 43/2026

That Law No. 1670, in its Article 44, provides that the highest authority of the BCB is its Board of Directors, which is responsible for defining its policies, specialized norms of general application, and internal norms. In letters a), c), and o) of its Article 54, it establishes that the Board of Directors has the authority to issue norms and adopt general decisions that are necessary for the BCB to fulfill the functions, competencies, and powers assigned to it by the Law; to monitor the execution of monetary, foreign exchange, credit, financial intermediation, international reserves administration, and other policies and regulations corresponding to the BCB in accordance with the Law; and to approve, modify, and interpret the Statute and Regulations of the BCB by two-thirds of the votes of its total membership, without the need for any additional administrative act.

That the BCB Statute provides in its Article 10 that its Board of Directors has the authority to approve general decisions and issue norms that are necessary for the BCB to fulfill the functions, competencies, and powers assigned to it by the Law, as well as to approve, modify, and interpret the Statute and Regulations of the BCB by two-thirds of the votes of its members.

That the Foreign Exchange Operations Regulation in its Article 1 establishes that its object is to regulate the procedures for determining the exchange rate of the boliviano and for the purchase and sale of United States dollars by the BCB with financial entities and these with the general public.

CONSIDERING:
That through report BCB-GOI-INF-2026-4, the GOI and APEC propose the modification of the Foreign Exchange Operations Regulation, which is oriented so that the Financial System can perform debit and credit card transactions at the US Dollar Reference Sale Value published by the BCB.

That through report BCB-GAL-SANO-DLBCI-INF-2026-83, the GAL concludes that the modification of the Foreign Exchange Operations Regulation, to render Chapter VII thereof ineffective, is legally viable as it does not violate the current legal framework, and therefore it corresponds to the Board of Directors of the BCB to consider its approval in accordance with what is established in Article 54 letters a), c), and o) of Law No. 1670, and Article 10 of the BCB Statute.

BOARD OF DIRECTORS
III. B.D. No. 43/2026

THEREFORE,
THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BOLIVIA RESOLVES:

Article 1.- Render ineffective Chapter VII of the Foreign Exchange Operations Regulation, approved by Board Resolution No. 63/2013 of June 11, 2013.

Article 2.- This Resolution shall enter into force from its approval.

Article 3.- The Presidency and General Management are charged with the execution and compliance of this Resolution.

La Paz, April 6, 2026

David Iván Espinoza Torrico
PRESIDENT a.l.

Dennise Sussan Martín Alarcón Walter Fernando Orellana Rocha DIRECTOR a.l. DIRECTOR a.l.

Alvaro Alfonso Romero Villavicencio
DIRECTOR a.l.