Regulatory Alerts2022-07-12 | RESOLUCIONES DE DIRECTORIO N° 050/2022Added · Updated
Board Resolution No. 050/2022
The Central Bank of Bolivia amends the Regulation on Financial Operations with Foreign Entities to impose a USD 10 million cap on operational capital balances held in foreign accounts and mandate that all foreign currency transfers be processed through the Central Bank. The resolution updates reporting obligations, requiring monthly sworn declarations of investments and balances for entities with foreign holdings, or quarterly declarations for those without, and excludes state-majority financial entities from these specific provisions. These modifications apply to commercial companies with majority state participation, their subsidiaries, and affiliates, and enter into force upon publication.
More like this from BCB
BCB published 5 documents in the last 30 days. We email you each new one the day it's published.