Regulatory Alerts1998-12-17 | Resolución 109/98Added · Updated
Board Resolution No. 109/98
The Board of Directors of the Central Bank of Bolivia authorizes the partial subrogation of deposits held at the liquidated Banco Internacional de Desarrollo S.A. (BIDESA) that were established after October 31, 1997. Specifically, it permits cash payments up to US$5,000 for fixed-term deposits and the issuance of Certificates of Deposit (CDDs) for fixed-term and current accounts where balance variations exceeded US$100,000 between October 31 and December 12, 1997. This authorization applies only to deposits previously reviewed and classified as "without observation" by the Liquidator. The Superintendency of Banks and Financial Entities retains the authority to initiate legal actions for recovery if subsequent observations arise regarding the legitimacy of these returned deposits.
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