Regulatory Alerts2024-10-17 | RESOLUCIONES DE DIRECTORIO Nº 131/2024Added · Updated
Board Resolution No. 131/2024: Approval of the Regulation on the Establishment of Complementary Reserves for Financial Intermediation Entities
The Central Bank of Bolivia mandates Financial Intermediation Entities to establish Complementary Reserves, defined as immobilized funds derived from excess legal reserves exceeding a liquidity threshold equivalent to 5% of national currency obligations as of September 30, 2024. These reserves must be constituted on October 18, 2024, for a fixed term of 175 calendar days, invested in redeemable Central Bank securities yielding 0.50% annually. Entities with obligations below 4% of the system's total national currency obligations are exempt, and partial or full refunds may be granted upon justified request for portfolio growth, increased financial investments, or liability reduction.
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