Regulatory Alerts2020-08-04 | RESOLUCIONES DE DIRECTORIO Nº 072/2020Added · Updated
Board Resolution No. 072/2020: Modifications to the Regulation on Monetization, Distribution, Destruction of Monetary Material, and Destruction of Counterfeit Material
The Board of Directors of the Central Bank of Bolivia amends Articles 2, 4, 6, 10, and 12 of the Regulation on Monetization, Distribution, Destruction of Monetary Material, and Destruction of Counterfeit Material to update definitions, verification procedures, and distribution protocols. The resolution mandates that Financial Intermediation Entities prioritize the recirculation of valid banknotes from the previous family, requires pre-circulation dissemination of new coin and banknote characteristics to entities and the police, and authorizes the written transfer of US Dollar remittances to the Public Banking Intermediation Entity for sale to authorized exchange houses. These modifications enter into force on August 10, 2020.
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