Board Resolution No. 115/2025

//1. B.R. No. 115/2025

BOARD RESOLUTION NO. 115/2025

SUBJECT: GENERAL MANAGEMENT – MODIFY THE TABLE OF COMMISSIONS FOR SERVICES AND THE TABLE OF FINES OF THE CENTRAL BANK OF BOLIVIA.

VIEWED:

The Political Constitution of the State of February 7, 2009 (CPE).

Law No. 1670 of October 31, 1995 of the Central Bank of Bolivia (BCB) and its modifications.

The Specific Regulation for the Administration of Fiscal Current Accounts, Operations, Financial Services and Treasury Payment System, approved by Ministerial Resolution No. 153 of April 6, 2016 of the Ministry of Economy and Public Finances.

The Regulation of Operations with Securities issued by the General Treasury of the State for Fiscal Policy Purposes, approved by Board Resolution No. 128/2003 of November 11, 2003 and its modification.

The Statute of the BCB approved by Board Resolution No. 095/2022 of October 6, 2022.

The Table of Commissions for Services and the Table of Fines of the BCB, approved by Board Resolution No. 123/2022 of December 27, 2022 and its modifications.

The Open Market Operations Regulation, approved by Board Resolution No. 040/2024 of March 26, 2024.

The Integrated Payment Settlement System Regulation, approved by Board Resolution No. 163/2024 of November 27, 2024.

The report BCB-APEC-SADBC-INF-2025-110 of September 12, 2025, issued by the Economic Policy Advisory (APEC), Financial Entities Management (GEF), International Operations Management (GOI), Monetary Operations Management (GOM), Administration Management (GADM) and Treasury Management (GTES).

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The report BCB-GAL-SANO-DLBCI-INF-2025-307 of September 15, 2025, issued by the Legal Affairs Management (GAL).

CONSIDERING:

That Article 327 and paragraph 3 of Paragraph I of Article 328 of the Political Constitution of the State determine that the BCB is a public law institution, with legal personality and its own assets, which, within the framework of the State's economic policy, has the function of maintaining the stability of the internal purchasing power of the currency, to contribute to economic and social development, its attributes being to determine and execute monetary policy, execute exchange rate policy, regulate the payment system, authorize the issuance of currency and administer international reserves.

That Articles 1 and 3 of Law No. 1670, modified by Article 64, section A3, paragraph 1) of Law No. 1864 of June 15, 1998 on Popular Property and Credit, establish that the BCB is a State institution, of public law, of an autarkic nature, of indefinite duration, with legal personality and its own assets and with legal domicile in the city of La Paz. It is the sole monetary and exchange authority of the country, with administrative, technical and financial competence and specialized regulatory powers of general application and will formulate policies of general application in monetary, exchange and payment system matters for the fulfillment of its object.

That Article 44 of Law No. 1670 establishes that the highest authority of the BCB is its Board of Directors, which is responsible for defining its policies, specialized regulations of general application and internal norms.

That paragraphs a) and q) of Article 54 of Law No. 1670, indicate as attributes of the Board of Directors 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, those others indicated by the cited Law and those that are necessary for the fulfillment of its functions.

That Paragraph II of Article 47 of the Specific Regulation for the Administration of Fiscal Current Accounts, Operations, Financial Services and Treasury Payment System, provides that the charge that the BCB makes for stationery and other services

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provided to public entities will be approved annually by the BCB in coordination with the Ministry of Economy and Public Finances.

That Article 25 of the Regulation of Operations with Securities issued by the General Treasury of the State for Fiscal Policy Purposes, establishes that if on the day of sale, the winner does not have sufficient resources to make the payment of the securities issued for fiscal policy purposes, the BCB will consolidate in favor of the TGN, as a fine, 2% of the nominal value thereof, without prejudice to other sanctions that the CAVT might determine.

That paragraphs 1) and 3) of Article 5 of the Statute of the BCB provide that its Board of Directors has regulatory competence to issue specialized norms in the fields assigned by Law and technical competence for the formulation of policies and the application of instruments that allow it to fulfill its object.

That Article 6 and paragraphs 1) and 44) of Article 10 of the Statute of the BCB, provide that the Board of Directors has the attributes to approve general decisions and issue the norms that are necessary for the BCB to fulfill the functions, competencies and powers assigned to it by the Law and to fix the table of commissions that the BCB must charge for the services it provides.

That Paragraph I of Article 24 of said norm, provides that Resolutions and decisions of the Board of Directors are adopted by a simple majority of votes of its members present in a meeting, except in cases where Law No. 1670 or the Statute of the BCB require qualified majorities.

That Article 26 of the Statute of the BCB, stipulate that the Board of Directors pronounces itself on matters within its competence through resolutions. It can also do so through decisions that will be expressly recorded in the minutes. Likewise, any draft Board resolution must be motivated and justified by a technical report from the Management or Managements to which the matter subject to the resolution corresponds and by a report from the GAL. These reports must be sent to the Board of Directors by the General Management with its recommendation.

That Paragraph III of Article 21 and Article 29 of the Open Market Operations Regulation, establish that the Issuer Entity will apply the collection of fines established in

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the BCB's table of commissions and fines, which will be automatically debited from the current account and/or reserve of the liquidating entity.

That paragraphs b) and h) of Article 31 of the Integrated Payment Settlement System Regulation establish as obligations of LIP participants to know and apply the Operational and IT Guides of the LIP modules, as well as their operational and security requirements and to correctly classify the OPs that are processed in the system with complete and reliable information as required by the BCB.

That the report BCB-APEC-SADBC-INF-2025-110, issued by APEC, GOI, GEF, GOM, GTES and GADM, concludes that it is technically viable to modify the Table of Commissions for Services and the Table of Fines of the Central Bank of Bolivia approved by B.R. No. 123/2022 of December 27, 2022 and its modifications. In this sense, it recommends putting before the BCB Board of Directors the modification of the Commission Table to the Public Sector and its application starting from the 2026 management period, so that the Public Sector can consider these changes in the General State Budget of the 2026 management period, and once approved it recommends to the Board of Directors to bring it to the knowledge of the Ministry of Economy and Public Finances within the framework of Paragraph II of Article 47 of the “Specific Regulation for the Administration of Fiscal Current Accounts, Operations, Financial Services and Treasury Payment System” approved by Ministerial Resolution No. 153 of April 6, 2016. Additionally, the aforementioned report recommends to the Board of Directors to modify the Commission Table to the Financial System and the Table of Fines of the Central Bank of Bolivia with application in the current management period.

That the legal report BCB-GAL-SANO-DLBCI-INF-2025-307, concludes in accordance with the technical opinion reflected in report BCB-APEC-SADBC-INF-2025-110 that the proposal of APEC, GEF, GOI, GOM, GADM and GTES regarding the modification of paragraphs 6 and 7 of the Commissions to the Public Sector, modification to paragraphs 7, 10, 13, 14, 15, 17, 19, 20, 21 and 23 of the Commissions to the Financial System and elimination of paragraph 16 of the Commissions to the Financial System of the Table of Commissions for Services and the modification of paragraph 1 of the Table of Fines of the Central Bank of Bolivia, is legally viable for approval as it does not contravene any legal provision and is within the attributes of the BCB; therefore it recommends to the BCB Board of Directors its approval.

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

Article 1.- Modify paragraphs 6 and 7 of section 1. (Commissions to the Public Sector) of the Table of Commissions for Services of the Central Bank of Bolivia, approved by Board Resolution No. 123/2022 of December 27, 2022 and its modifications, as described below:

“(...)

	DESCRIPTION	Proposal	RESPONSIBLE MANAGEMENT
		Bs	(%)
6	Operation for tax co-participation greater than Bs2,000.	12		Monetary Operations
7	Income for replacement of stationery corresponding to accounting transactions with the BCB, except, operations originated in contracts with a commission collection clause in the GEF, cash payment in Treasury in the GTES and open market operations, liquidity credits to the public sector, Tax on Large Fortunes, operations with Legal Reserve accounts and others originated in contracts with a commission collection clause in the GOM.	70		All Areas

(...)”

Article 2.- Modify paragraphs 7, 10 and from paragraph 13 to 22 of section 2. (Commissions to the Financial System) of the Table of Commissions for Services of the Central Bank of Bolivia, approved by Board Resolution No. 123/2022 of December 27, 2022 and its modifications, as described below:

“(...)

	DESCRIPTION	Bs	(%)	RESPONSIBLE MANAGEMENT
7.	Withdrawal of cash in national currency from BCB vault			Treasury
	a. Multiple Banks and Financial Entities with majority State participation		0.025

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	b. Rest of the Financial Intermediation Entities		0.010
10.	Cash deposit of the financial system in national currency with inadequate classification of monetary material	4,000		Treasury
13.	Monthly fee for transactional financial services for each Current and Reserve Account – Banks	7,919	0.02% in Bs and 0.04% in USD ()*	Financial Entities
14.	Monthly fee for transactional financial services for each Reserve Account for Housing Financial Entities.	1,760	0.02% in Bs and 0.04% in USD ()*
15.	Monthly fee for transactional financial services for each Reserve Account for Cooperatives and Development Financial Institutions.	879	0.02% in Bs and 0.04% in USD ()*
16.	Monthly fee for transactional financial services for each Settlement Account of Stock Broker Agencies, SAFIs, Payment Service Companies and Complementary Financial Service Companies.	160
17.	For each electronic operation in the Deferred Settlement Module - MLD of the LIP.	0.10 ()
18.	Electronic operations in the Hybrid Settlement Module - MLH of the LIP.	8 ()
19.	MICR Checkbook.	240		Administration
20.	Balance Confirmation	270
21.	Import of USD on behalf of EIFs	164,640	0.10	International Operations / Treasury
22.	Income for replacement of stationery corresponding to accounting transactions with the BCB, except operations under the Legal Reserve Regulation, operations originated in contracts with a commission collection clause in GEF and GOM, open market operations, liquidity credits to the public sector, cash payment in Treasury and to the Tax on Large Fortunes	70		All areas

(*) On the daily average of the previous month () Per operation.

(...)”

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Article 3.- Modify paragraph 1 of the Table of Fines of the Central Bank of Bolivia, approved by Board Resolution No. 123/2022 of December 27, 2022 and its modifications, as described below:

“(...)

	DESCRIPTION	Bs	(%)	RESPONSIBLE MANAGEMENT
I.	a) Acquisition of BCB securities Insufficiency of funds or withdrawal		2.40 % on the nominal value of the awarded or placed amount	Monetary Operations
	b) Acquisition of TGN securities Insufficiency of funds		2 % on the nominal value of the awarded or placed amount

(...)”

Article 4.- The Table of Service Commissions to the Public Sector described in Article 1 of this Resolution, will enter into force as of January 1 of the 2026 management period.

Article 5.- The Table of Service Commissions to the Financial System and the Table of Fines of the Central Bank of Bolivia described in Articles 2 and 3 of this Resolution, will enter into force as of October 1 of the 2025 management period.

Article 6.- The Presidency and the General Management are in charge of the execution and compliance of this Resolution.

La Paz, September 16, 2025

SIGNED. ROGER EDWIN ROJAS ULO, Gumercindo Héctor Pino Guzmán, Miguel Angel Marañon Urquidi, Victor Gonzalo Calisaya Gomez.

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