Board Resolution No. 094/2026

BOARD OF DIRECTORS BOARD RESOLUTION NO. 94/2026 SUBJECT: FINANCIAL ENTITIES MANAGEMENT - TO REVOKE THE REGULATION FOR THE TRANSFER OF FAMILY REMITTANCES.

HAVING REVIEWED: The Law No. 1670 of October 31, 1995, of the Central Bank of Bolivia (BCB) and its modifications. The Law No. 393 of August 21, 2013, on Financial Services and its modifications. Board Resolution No. 118/2021 of October 12, 2021, which approves the Regulation for the Transfer of Family Remittances. The Regulation on Payment Services, Electronic Payment Instruments, Compensation and Settlement (RSPIEPCL), approved by Board Resolution No. 79/2022 of September 6, 2022, and its modifications. The Statute of the BCB approved by Board Resolution No. 85/2026 of June 23, 2026. The report BCB-GEF-SSPSF-DVSP-INF-2026-22 of June 29, 2026, from the Financial Entities Management (GEF). The report BCB-GAL-SANO-DLBC1-INF-2026-161 of June 29, 2026, from the Legal Affairs Management (GAL).

CONSIDERING: That Articles 1, 3, and 30 of Law No. 1670 establish that the BCB is the sole monetary and exchange authority of the country, with administrative, technical, and financial competence and specialized regulatory powers of general application. The BCB will formulate general application policies in the monetary, exchange, and payment system fields to fulfill its object, with all financial intermediation entities and financial services subject to its regulatory competence, whose operation is authorized by the Superintendence of Banks and Financial Entities, now ASFI.

That Articles 44 and 54, subsections a), o), and q) of Law 1670 provide that the highest authority of the BCB is its Board of Directors, which is responsible for defining its policies, specialized regulations of general application, and internal rules; as well as establishing administrative, operational, and financial strategies for the BCB, approving their respective short and medium-term programs. Its attributes include issuing norms and adopting general decisions necessary for the BCB to fulfill the functions, competencies, and powers assigned to it by Law; approving, modifying, and interpreting the Statute and Regulations of the BCB, by two-thirds vote of all its members, without the need for any additional administrative act; and those that are necessary for the fulfillment of its functions.

That subsection j) of paragraph 1 of Article 123 of Law No. 393 establishes that complementary financial services offered by complementary financial service companies, authorized by ASFI, including money orders and remittances, are considered complementary financial services. In paragraph 1 of Article 124, it states that operations carried out within the framework of services provided by financial entities may be carried out through electronic means, which must necessarily comply with security measures that guarantee integrity, confidentiality, authentication, and non-repudiation.

That the Regulation for the Transfer of Family Remittances aims to regulate Transfer of Family Remittances (TRF) operations that enter or leave Bolivian territory.

That the BCB's RSPIEPCL regulates payment services and Electronic Payment Instruments, the compensation and settlement of these instruments within the national payment system, as well as the creation, constitution, and operation of Compensation and Settlement Chambers. It also regulates aspects related to the provision of the remittance transfer service as a payment service, establishing conditions for its processing, authorized participants, obligations of payment service companies, as well as guidelines for risk management, security, and continuity of service provision.

That subsection 1) of Article 6 and subsections 1), 22), and 51) of Article 11 of the BCB Statute determine that the BCB has regulatory competence to issue specialized norms in the fields assigned to it by Law; and that its Board of Directors has the authority to approve general decisions and issue norms necessary for the BCB to fulfill the functions, competencies, and powers assigned to it by Law; approve, modify, and interpret the Statute and Regulations of the BCB and those necessary for the fulfillment of its functions.

CONSIDERING: That through report BCB-GEF-SSPSF-DVSP-INF-2026-22, the GEF recommends revoking the Regulation for the Transfer of Family Remittances approved by Board Resolution No. 118/2021 of October 12, 2021, to avoid regulatory duplication and preserve the coherence, legal certainty, and efficiency of the current regulatory framework, because the regulation of the family remittance transfer service is contained in higher-level norms as well as specific norms, particularly the RSPIEPCL and the ASFI's Regulation for Money Transfer and Remittance Companies.

That through report BCB-GAL-SANO-DLBC1-INF-2026-161, the GAL concludes that the GEF's proposal to revoke the Regulation for the Transfer of Family Remittances, approved by Board Resolution No. 118/2021, is legally viable, as it does not violate the current legal order, and it corresponds to the BCB Board of Directors to approve such determination by Board Resolution, in accordance with what is established in subsections a), o), and q) of Article 54 of Law No. 1670 and Article 6 subsection 1 and Article 11 subsections 1), 22), and 51) of the BCB Statute.

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

Article 1.- Revoke the Regulation for the Transfer of Family Remittances, approved by Board Resolution No. 118/2021 of October 12, 2021.

Article 2.- This Resolution shall enter into force from its publication.

Article 3.- The Presidency and General Management are charged with the execution and compliance of this Resolution.

La Paz, June 29, 2026

BOARD OF DIRECTORS SIGNED: DAVID IVÁN ESPINOZA TORRICO, Claudia Haydee Pacheco Ayala, Dennise Sussan Maitin Alarcón, Walter Fernando Orellana Rocha, Alvaro Alfonso Romero Villavicencio.