Regulatory Alerts2023-04-17 | RESOLUCIONES DE DIRECTORIO N° 062/2023Added · Updated
Board Resolution No. 062/2023
The Central Bank of Bolivia amends Articles 30, 32, 38, and 41 of the Legal Reserve Regulation for Financial Intermediation Entities to allow these entities to withdraw foreign currency resources from specific funds (CPVIS II, CPVIS III, FIUSEER-ME, and CPRO) that are not securing liquidity loans, thereby converting them into national currency liquidity. The resolution mandates the transfer of 70% of unused FIUSEER-ME resources to the CPRO-ME fund as of April 3, 2023, and extends the voluntary contribution deadline for the CPRO fund to December 29, 2023. These modifications take effect on April 17, 2023, and apply to all Financial Intermediation Entities authorized by the ASFI.
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