Regulatory Alerts2018-08-21 | Resolucion de Directorio N° 110/2018Added · Updated
Board Resolution No. 110/2018 Approving the New Regulation for the Exchange and Fragmentation of Monetary Material of the Central Bank of Bolivia
The Board of Directors of the Central Bank of Bolivia approves a new regulation governing the exchange of damaged or mutilated Bolivian banknotes and the fragmentation of banknotes and coins by Financial Intermediation Entities holding current and reserve accounts. The regulation establishes specific limits for fragmentation, allowing up to 1,000 notes or coins for the general public and up to 50,000 notes or 5,000 coins per denomination for larger operators through the Central Bank. It mandates that entities display posters regarding these obligations and imposes escalating suspensions on non-compliant entities, ranging from 15 to 60 days for restrictions on USD transactions and open market operations.
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