Regulatory Alerts2024-07-12 | RESOLUCIONES DE DIRECTORIO N° 093/2024Added · Updated
Board Resolution No. 093/2024 – Modify Regulation of Financial Operations with Foreign Countries of Public Companies of the Central Level of the State and Companies with State Majority Shareholding
This resolution modifies Article 5 of the Regulation of Financial Operations with Foreign Countries of Public Companies of the Central Level of the State and Companies in which the State has Majority Shareholding, approved by Board Resolution No. 006/2023. It mandates that the total amount from exports effected by these public entities, their subsidiaries, and branches must be settled through the Central Bank of Bolivia via transfer to external BCB accounts, after which the Central Bank transfers the resources in National Currency at the official buy exchange rate to accounts designated by the companies within the National Financial System or the General Treasury of the Nation. Additionally, export settlement is deemed to include amounts deposited by the General Treasury of the Nation in Central Bank accounts on behalf of these public companies, with the resolution entering into force upon publication.
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