Regulatory Alerts2018-04-24 | RESOLUCIONES DE DIRECTORIO N° 054/2018Added · Updated
Board Resolution No. 054/2018
The Board of Directors of the Central Bank of Bolivia amends the Legal Reserve Regulation for Financial Intermediation Entities by adjusting reserve requirements and establishing the CPVIS II Fund. For foreign currency liabilities, the reserve rate for titles is reduced to 25% for deposits over 720 days and 33% for the remainder, while maintaining a 100% cash reserve on specific public obligations. The resolution creates the CPVIS II Fund, allowing entities to obtain 0% liquidity loans in national currency to finance productive sector and social housing credit, with a maturity date of May 31, 2019, and mandatory monthly reporting of credit portfolios to the ASFI.
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