Regulatory Alerts2021-09-16 | RESOLUCIONES DE DIRECTORIO Nº 102/2021Added · Updated
Board Resolution No. 102/2021: Regulation on the Exchange and Fragmentation of Monetary Material of the Central Bank of Bolivia
The Central Bank of Bolivia approves a new Regulation governing the exchange of damaged or mutilated Bolivian banknotes and the fragmentation of currency by all Financial Intermediation Entities supervised by the ASFI. The regulation establishes specific limits for fragmentation, allowing up to Bs5,000 for the general public and up to Bs70,000 for medium and large operators through the Central Bank, with no limits when coordinated directly with entities. It repeals the previous 2018 regulation and mandates that the ASFI supervise compliance, reporting violations to the Central Bank. Non-compliance results in escalating suspensions for Financial Intermediation Entities, including 15, 30, or 60-day bans on buying and selling USD and conducting Open Market Operations, depending on the number of infractions within a year.
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