Regulatory Alerts2022-10-25 | RESOLUCIONES DE DIRECTORIO N° 097/2022Added · Updated
Board Resolution No. 097/2022
The Board of Directors of the Central Bank of Bolivia approves the Internal Regulations for Operations through the ALADI Reciprocal Payments and Credits Agreement, replacing previous resolutions from 2011, 2017, and 2020. The regulations authorize financial institutions to channel payments for goods trade using instruments such as letters of credit and promissory notes, subject to strict prohibitions on capital movements and triangular trade. Authorized institutions must maintain a debt limit not exceeding 10% of their accounting net worth and adhere to instrument tenors based on credit ratings, with non-compliance resulting in fines, temporary suspensions, or definitive exclusion from the system.
More like this from BCB
BCB published 5 documents in the last 30 days. We email you each new one the day it's published.