Regulatory Alerts2023-05-08 | RESOLUCIONES DE DIRECTORIO Nº 068/2023Added · Updated
Board Resolution No. 068/2023 - Modify the Legal Reserve Regulation for Financial Intermediation Entities
This resolution modifies Articles 38 and 41 of the Legal Reserve Regulation for Financial Intermediation Entities, restructuring the Incentive Fund for the Use of Electrical and Renewable Energy (FIUSEER) and the Fund for Credits destined to the Productive Sector (CPRO). It mandates the transfer of 70% and 75% of FIUSEER foreign currency resources not guaranteeing liquidity loans as of April 3 and April 24, 2023, respectively, to the CPRO foreign currency fund, along with 95% of national currency resources as of April 24, 2023. The CPRO Fund remains valid until March 31, 2025, and entities may request the return of their participation for sale to the Central Bank of Bolivia under the Foreign Exchange Operations Regulation.
Topics
Share