Board Resolution No. 073/2026

[Logo: Central Bank of Bolivia]

BOARD OF DIRECTORS

BOARD RESOLUTION NO. 73/2026

SUBJECT: TREASURY MANAGEMENT – REPEAL THE REGULATION ON THE EXCHANGE AND FRACTIONATION OF MONETARY MATERIAL OF THE CENTRAL BANK OF BOLIVIA.

VIEWED:

Law No. 1670 of October 31, 1995, of the Central Bank of Bolivia (BCB) and its modifications.

Law No. 393 of August 21, 2013, on Financial Services and its modifications.

Board Resolution No. 95/2022 of October 6, 2022, which approves the Statute of the BCB.

Board Resolution No. 67/2023 of May 2, 2023, which approves the Regulation on the Exchange and Fractionation of Monetary Material of the BCB.

Report BCB-GTES-SAOMM-DAMM-INF-2026-2 of May 22, 2026, from the Treasury Management (GTES).

Report BCB-GAL-SANO-DLBC1-INF-2026-130 of May 22, 2026, from the Legal Affairs Management (GAL).

CONSIDERING:

That Law No. 1670 in its articles 3 and 13 provides that the BCB, within the framework of the Law, will formulate general application policies in monetary, exchange, and payment system matters to fulfill its object, and that banks and all financial intermediation institutions are obliged to exchange damaged or mutilated banknotes, provided these clearly retain their two signatures and a serial number.

That the aforementioned Law, in its articles 44 and 54 subsections a), o) and q), provides that the Board of Directors is its highest authority, which has the powers to issue norms and adopt general decisions that are necessary for the BCB to fulfill the functions, competencies, and powers assigned to it by the Law; as well as the power to approve, modify, and interpret the Statute and Regulations of the BCB, by two-thirds of the votes of all its members, without the need for any additional administrative act, and those that are necessary for the fulfillment of its functions.

That Law No. 393 in numeral III of its article 8 and subsection c) of its article 23, determines that the Financial System Supervisory Authority (ASFI) will issue specific regulation and supervise its compliance within the framework of the norms issued by the BCB, in the area of the payment system; and that it is its attribute to regulate, exercise, and supervise the

---

BOARD OF DIRECTORS

//2. B.R. No. 73/2026

internal and external control system of all financial intermediation activity and complementary financial services, including the BCB.

That the Statute of the BCB in numerals 1) and 2) of its article 5 states that the BCB has normative competence to issue specialized norms in the fields assigned to it by the Law and administrative competence to establish its own ordering, organization, and functions, in accordance with the specialized nature of the institution and within the framework of national legislation. In numerals 1), 2), 30) and 49) of its article 10, it establishes as attributes of the Board of Directors, to approve general decisions and issue norms that are necessary for the BCB to fulfill the functions, competencies, and powers assigned to it by the Law; to define the policies of the BCB, specialized norms of general application and internal norms; in addition to approving, modifying, and interpreting the Statute and Regulations of the BCB, by two-thirds of the votes of all its members, without the need for an additional administrative act and other attributes that are necessary for the fulfillment of its functions.

That said Statute in its articles 44 and 49 numeral 19), establishes that the General Manager is the First Operational Authority of the BCB and that among its attributes is that of issuing circulars of an internal and external nature, for the communication and dissemination of institutional aspects of a general order.

That the Regulation on the Exchange and Fractionation of Monetary Material in its article 1, establishes that its object is to regulate the operations of exchange and fractionation of banknotes and/or Boliviano coins that must be carried out by all Financial Intermediation Entities supervised by the ASFI.

CONSIDERING:

That through report BCB-GTES-SAOMM-DAMM-INF-2026-2, the GTES recommends that the Regulation on the Exchange and Fractionation of Monetary Material of the BCB approved by Board Resolution No. 67/2023 of May 2, 2023, be repealed, because the optimal management of the service in reference requires a normative instrument issued by the General Management of the BCB, which establishes the establishment of criteria for the exchange of monetary material, the categories and limits for fractionation, and other aspects necessary for such purpose.

That through report BCB-GAL-SANO-DLBC1-INF-2026-130, the GAL concludes that the proposal of the GTES to repeal the Regulation on the Exchange and Fractionation of Monetary Material of the BCB, approved by B.R. No. 67/2023 of May 2, 2023, is legally viable, as it does not violate the current legal framework, corresponding to the Board of Directors of the BCB to consider such determination through a Board Resolution in which the obligation of EIFs to exchange and fractionate monetary material is established in

---

BOARD OF DIRECTORS

//3. B.R. No. 73/2026

accord with operational documents approved by the General Management, with the supervision of its compliance being the competence of the ASFI, in accordance with what is established in subsections a), o) and q) of article 54 of Law No. 1670, numerals 1) and 2) of article 5 and numerals 1), 2), 30) and 49) of article 10 of the Statute of the BCB.

THEREFORE, THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BOLIVIA RESOLVES:

Article 1.- Repeal the Regulation on the Exchange and Fractionation of Monetary Material of the BCB, approved by Board Resolution No. 67/2023 of May 2, 2023.

Article 2.- Financial Intermediation Entities (EIF) regulated by the Financial System Supervisory Authority – ASFI, are obliged to carry out the exchange of banknotes and fractionation of Boliviano coins throughout the national territory, in accordance with the guidelines established by the General Management of the BCB.

Article 3.- The ASFI is charged with the supervision, inspection, and control of the compliance with or the obligations regarding the exchange and fractionation of monetary material carried out by EIFs.

Article 4.- This Board Resolution will enter into force on the date of its publication.

Article 5.- The Presidency and the General Management are charged with the execution and compliance of this Resolution.

La Paz, May 28, 2026

David Iván Espinoza Torrico PRESIDENT a.i.

---

BOARD OF DIRECTORS

//4. B.R. No. 73/2026

Dennise Sussan Martin Alarcón DIRECTOR a.i.

Claudia Haydee Pacheco Ayala DIRECTOR a.i.

Álvaro Alfonso Romero Villavicencio DIRECTOR a.i.