Regulatory Alerts2024-07-08 | RESOLUCIÓN DE DIRECTORIO N° 091/2024Added · Updated
Board Resolution No. 091/2024
The Board of Directors of the Central Bank of Bolivia authorizes the sale of 19,100,000 Special Drawing Rights (SDRs) from its International Reserves and the subsequent purchase of SDRs to restore holdings to a level equal to or greater than SDR allocations, contingent on foreign exchange availability in the Working Capital. Proceeds from the sale are allocated to the Working Capital, while the Central Bank assumes all costs, exchange rate variations, and administrative expenses related to the monetization and replenishment of SDR holdings from the International Reserves. The Bank is further required to report these operations and associated costs to the Governor of the Plurinational State of Bolivia before the International Monetary Fund.
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