Board Resolution No. 132/2026

BOARD
//2. B.R. No. 132/2026
The report BCB-GAL-SANO-DLBCI-INF-2026-231 of September 7, 2026, issued by the Legal Affairs Management (GAL).

CONSIDERING:
That Law No. 1178 in subsection d) of its Article 8 determines that the execution of the BCB expense budget may be subject to modifications, transfers, and assignments, provided that investment expenses or budgeted revenue surpluses are not transferred to operating expenses.
That Law No. 1670 in its Articles 44 and 54 subsections a) and g) provides that the highest authority of the BCB is its Board, which has the authority to issue norms and adopt general decisions necessary for the BCB to fulfill the functions, competencies, and powers assigned to it by Law; as well as the authority to approve the BCB Budget for its incorporation into the General National Budget. That Law No. 2042 in its Articles 4, 5, and 6 determines that the expense budget allocations approved by the Budget Law of each year constitute maximum expense limits, and any modification must be made within the limits according to the Regulation on Budgetary Modifications, without committing or executing expenses with resources not declared in their approved budgets, and that the Executive Power may carry out intra-institutional and inter-institutional budgetary modifications, according to the Regulation on Budgetary Modifications. That Law No. 1705 approving the PGE for the 2026 management includes the BCB Budget and in its Article 4 establishes that the Highest Executive Authority of each public entity is responsible for the use, administration, destination, fulfillment of objectives, targets, and results of public resources, and the approval, execution, monitoring, evaluation, and closure of projects, to which effect it must observe the provisions contained in the Law and those established in the current legal norms. That the Regulation on Budgetary Modifications in paragraphs I and II of its Article 3 provides that the observance and compliance with legal norms in the process of approval and/or registration of budgetary modifications is the exclusive responsibility of the requesting entity. The registration, reliability, and veracity of the information on budgetary modifications and any other information presented to the Ministries of Economy and Public Finances and of Development Planning is the responsibility of the requesting entity.

BOARD
//3. B.R. No. 132/2026
That the aforementioned Regulation in its Article 7 provides that intra-institutional budget transfers constitute reallocations of resources within each public entity, which do not increase or decrease the total amount of its budget. Likewise, in subsection c) of paragraph III of its Article 16, it establishes the budgetary modifications approved by each entity's norm, among which are Intra-institutional Budget Transfers by change of categories, expense objects, source of financing, and funding organization, provided that they do not generate fiscal deficits and do not commit resources of the General Treasury of the Nation. That the Basic Standards of the Budget System in its Article 28 establishes the grounds under which budgetary modifications may be made. That the Specific Regulation of the BCB Budget System in its Article 25 determines that budgetary modifications must observe the provisions contained in the Regulation on Budgetary Modifications. That through Board Resolution No. 6/2026, the POA and the BCB Budget are approved within the framework of Law No. 1705 approving the PGE - 2026 Management. That the BCB Statute in numerals 1), 21), and 50) of its Article 11 provides that the Board has the authority to approve general decisions and issue the norms necessary for the BCB to fulfill the functions, competencies, and powers assigned to it by Law; to approve the BCB budget and the BCB Annual Operational Plan, and to approve modifications of any determination and provision established by the Board, as well as to carry out its monitoring.

CONSIDERING:
That through report BCB-GTES-SAOMM-DAMM-INF-2026-29, the GTES states that the adjustment of the Official Exchange Rate increased the cost of pending obligations in both dollars and euros, and that the budget lines allocated to coin minting, banknote printing, maintenance, fuels, and spare parts have insufficient balances after execution through July; therefore, it requires an intra-institutional transfer for the amount of Bs84,318,635.- (Eighty-Four Million Three Hundred Eighteen Thousand Six Hundred Thirty-Five 00/100 Bolivianos) to make payments of obligations in US dollars and euros in the current management.

BOARD
B.R. No. 132/2026
That through report BCB-SPCG-INF-2026-66, the SPCG concludes that the intra-institutional budget transfer requested by the GTES is technically pertinent and viable, and will allow it to have resources for the fulfillment of its activities. Likewise, it recommends that with the technical and legal reports, the matter be submitted to the BCB Board for its respective approval. That through report BCB-GAL-SANO-DLBCI-INF-2026-231, the GAL concludes that the Intra-institutional Budget Transfer Request submitted by the GTES, evaluated technically by the SPCG as the area responsible for technical analysis, is legally viable as it does not violate the current legal framework and will allow it to have sufficient resources to make payments of obligations in US dollars and euros in the current management, corresponding to the BCB Board to approve it in accordance with subsections a) and g) of Article 54 of Law No. 1670 and numerals 1), 21), and 50) of Article 11 of the BCB Statute.

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

Article 1.- Approve the intra-institutional budget transfer from the Treasury Management, for an amount of Bs84,318,635.- (Eighty-Four Million Three Hundred Eighteen Thousand Six Hundred Thirty-Five 00/100 Bolivianos) in the 2026 management budget, according to the following detail:

INTRA-INSTITUTIONAL BUDGET TRANSFER REQUESTED BY THE TREASURY MANAGEMENT (GTES) (Expressed in Bolivianos)

From the International Operations Management (COI):
Ent DA UE Prn Pry Act Fin. Fun. Fte Org Partida ET Description of Lines Amount 951 01 001 110 0000 001 4.1.1 42 230 71300 0 DONATIONS, SOCIAL AID AND AWARDS TO PERSONS (84,318,635) Total (84,318,635)

To the Treasury Management (GTES):
Ent DA UE Prq Pry Act Fin. Fun. Fte Org Partida ET Description of Lines Amount 9,51 01 001 110 0000 001 4.1.1 20 230 39911 0 COIN MINTING 11,200,283 951 01 001 110 0000 001 4.1.2 20 230 39912 0 BANKNOTE PRINTING 72,657,846 951 01 001 110 0000 001 4.1.3 20 230 24120 0 MAINTENANCE AND REPAIR OF vehicles, machinery and equipment 150,694 951 01 001 110 0000 001 4.1.3 20 230 34110 0 FUELS, LUBRICANTS AND DERIVATIVES FOR CONSUMPTION 63,657 951 01 001 110 0000 001 4.1.4 20 230 39800 0 OTHER SPARE PARTS AND ACCESSORIES 246,155 Total 84,318,635

BOARD
//5. B.R. No. 132/2026
Article 2.- The General Management is tasked with the execution and compliance of this Resolution.

La Paz, September 8, 2026
SIGNED: DAVID IVÁN ESPINOZA TORRICO, Claudia Haydee Pacheco Ayala, Dennise Sussan Martin Alarcón, Walter Fernando Orellana Rocha, Alvaro Alfonso Romero Villavicencio.