Board Resolution No. 105/2026

BOARD OF DIRECTORS
BOARD RESOLUTION NO. 105/2026
SUBJECT: TREASURY MANAGEMENT - AUTHORIZE THE MONETIZATION OF MONETARY MATERIAL FROM THE Bs. 1 CUT

HAVING REVIEWED:
The Law No. 901 of November 28, 1986, creating a new monetary unit.
The Law No. 1670 of October 31, 1995, of the Central Bank of Bolivia (BCB) and its modifications.
The Regulation on Monetization, Distribution, Destruction of Monetary Material and Destruction of Counterfeit Material, approved by Board Resolution No. 94/2018 of July 24, 2018 and its modifications.
The Statute of the BCB approved through Board Resolution No. 85/2026 of June 23, 2026.
The SANO-DLABS Contract No. 4/2025 for "Acquisition of Legal Tender and Commemorative Coins" dated January 28, 2025 and the Amending Contract SANO-DLABS No. 98/2025 dated May 19, 2025, signed between the BCB and the company MENNICA POLSKA S.A.
The report BCB-GTES-SAOMM-DAMM-INF-2026-14 of July 3, 2026, issued by the Treasury Management (GTES).
The report BCB-GAL-SANO-DLBCI-INF-2026-177 of July 3, 2026, issued by the Legal Affairs Management (GAL).

CONSIDERING:
That Law No. 901 in its articles 1 and 3 provides for the creation of the Boliviano as a new unit of the monetary system, through banknotes and coins that the BCB will issue and circulate with the quality of legal and mandatory tender, being this the sole issuer of banknotes and coins.

BOARD OF DIRECTORS
//2. B.R. No. 105/2026

That Law No. 1670 in its articles 10 and 11 provides that the BCB will exercise in an exclusive and non-delegable manner the function of issuing the monetary unit of Bolivia, which is the "Boliviano", in the form of banknotes and metallic coins, and that the banknotes and coins it issues are means of payment of legal tender throughout the territory of the Republic, with unlimited liberating power.

That the aforementioned Law, in its articles 44 and 54 subsections a) and m), establishes that the highest authority of the BCB is its Board of Directors, which has the attributes to issue norms and adopt general decisions that are necessary for the BCB to fulfill the functions, competencies, and powers assigned to it by the Law, and to authorize and supervise the printing, issuance, and destruction of banknotes and the minting and withdrawal of coins, within the norms of the Law.

That the Regulation on Monetization, Distribution, Destruction of Monetary Material and Destruction of Counterfeit Material in its article 2 defines monetization as a privative function of the BCB as the sole issuer of the Boliviano, through which nominal value is granted to Boliviano banknotes and coins for their circulation. Likewise, in its articles 3 and 4, it provides that the Board of Directors of the BCB, through an express Resolution, will authorize the monetization of monetary material based on reports from GTES and GAL, according to the issuance or storage requirements determined by GTES. The authorization of monetization will be recorded in an Act and Verification Sheet signed by a Director designated by the Board of Directors of the BCB, the General Manager, the Treasury Manager, and the Deputy Manager of Monetary Material Operations.

That the Statute of the BCB in numeral 9) of its article 11 determines that the Board of Directors of the BCB has the attribute to approve the printing and issuance of banknotes and the minting of Boliviano coins and those issued for commemorative purposes, as well as their denominations, dimensions, designs, and colors.

That within the framework of Contract SANO-DLABS No. 4/2025 and the Amending Contract SANO-DLABS No. 98/2025, signed with the company MENNICA POLSKA S.A., the BCB received the eighth shipment of 9,000,000 coins from the Bs. 1 cut.

CONSIDERING:
That through report BCB-GTES-SAOMM-DAMM-INF-2026-14, GTES states that the material to be monetized corresponds to the eighth shipment of 9,000,000 coins from the Bs. 1 cut, received on June 30, 2026 within the framework of Contracts SANO-DLABS No. 4/2025 and SANO-DLABS No. 98/2025, therefore, with the purpose of satisfying the coin shortage of financial intermediation entities and, in general terms, meeting issuance requirements, in accordance with current regulations, it is considered technically viable to proceed with the monetization of the Bs. 1 cut, recommending to the Board of Directors to authorize the monetization of 9 million pieces of the Bs. 1 cut, and to designate a member of the Board of Directors to participate in the monetization act of the cited material on its behalf.

That through report BCB-GAL-SANO-DLBCI-INF-2026-177, GAL concludes that GTES's proposal to authorize the monetization of 9 million pieces of the Bs. 1 cut and to designate a member of the Board of Directors to participate in the monetization act is legally viable, as it does not violate the current legal framework, corresponding to the Board of Directors of the BCB to consider such determination through a Board Resolution, in accordance with what is established in subsections a) and m) of article 54 of Law No. 1670, numeral 9) of article 11 of the BCB Statute, and articles 3 and 4 of the Regulation on Monetization, Distribution of Monetary Material and Destruction of Counterfeit Material and its modifications.

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

Article 1.- Authorize the monetization of coins from the Bs. 1 cut, according to the following detail:

Cut
Quantity
(pieces)
9,000,000
Amount
(Bs)
9,000,000

Article 2.- Designate the Acting Director Dennise Sussan Martin Alarcón to participate, on behalf of the Board of Directors, in the monetization act of the cited material.

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

BOARD OF DIRECTORS
//4. B.R. No. 105/2026

La Paz, July 7, 2026
SIGNED: DAVID IVAN ESPINOZA TORRICO, Claudia Haydee Pacheco Ayala, Dennise Sussan Martin Alarcón, Walter Fernando Orellana Rocha, Alvaro Alfonso Romero Villavicencio.