Regulatory Alerts2023-05-08 | RESOLUCIONES DE DIRECTORIO Nº 067/2023Added · Updated
Board Resolution No. 067/2023 Approving the Regulation on Exchange and Fragmentation of Monetary Material
The Board of Directors of the Central Bank of Bolivia approves the new Regulation on Exchange and Fragmentation of Monetary Material, which mandates all supervised Financial Intermediation Entities to exchange damaged or mutilated Bolivian banknotes and coins, and to fragment currency into smaller denominations. The regulation establishes specific limits for fragmentation for the general public and large operators, and defines a penalty regime where non-compliant entities face suspension of USD trading and open market operations for 15, 30, or 60 days depending on the number of violations within a year. This regulation supersedes the previous version approved by Board Resolution No. 102/2021 and enters into force upon publication.
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