Regulatory Alerts2013-06-14 | RESOLUCION DE DIRECTORIO Nº 063/2013Added · Updated
Board Resolution No. 063/2013 Approving the Foreign Exchange Operations Regulation
The Central Bank of Bolivia approves the new Foreign Exchange Operations Regulation, replacing Resolution No. 007/2013, to govern the determination of the Boliviano exchange rate and the purchase and sale of US dollars. The regulation establishes the daily auction mechanism (Bolsin) for USD sales, sets minimum transaction amounts of USD 100,000, and defines official buying and selling rates. It imposes specific exchange rate margins on supervised financial entities and exchange houses and outlines suspension penalties for non-compliance, including temporary bans on trading with the central bank.
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