Central Bank of Bolivia

Board of Directors

BOARD RESOLUTION NO. 146/2021

SUBJECT: GENERAL MANAGEMENT – MODIFY THE TABLE OF COMMISSIONS FOR SERVICES OF THE CENTRAL BANK OF BOLIVIA FOR THE 2022 FISCAL YEAR.

VIEWED:

• The Political Constitution of the State (CPE), of February 7, 2009.
• Law No. 1670 of October 31, 1995, of the Central Bank of Bolivia (BCB).
• The BCB Statute approved by Board Resolution No. 128/2005 of October 21, 2005, and subsequent modifications.
• Board Resolution No. 143/2020 of December 15, 2020, which approves the Table of Commissions for Services and the Table of Fines of the BCB for the 2021 fiscal year.
• Board Resolution No. 042/2021 of March 9, 2021, which modifies the Table of Commissions for Services and the Table of Fines of the BCB for the 2021 fiscal year.
• The Report from the International Operations Management BCB-GOI-INF-2021-27 of December 6, 2021.
• The Report from the Legal Affairs Management BCB-GAL-SANO-DLBCI-INF-2021-244 of December 14, 2021.

CONSIDERING:

• That the Political Constitution of the State, in its article 327, determines that the BCB is a public law institution, with legal personality and its own assets. Within the framework of the State's economic policy, it is the function of the BCB to maintain the stability of the internal purchasing power of the currency, to contribute to economic and social development.
• That according to article 54, subsection n) of Law No. 1670, it is the responsibility of the Board of Directors to formulate policies regarding the internal management of the BCB, supervising their execution.
• That according to article 11, numeral 45) of the BCB Statute, the Board of Directors has among its powers the authority to set annually the Table of Commissions to be charged for the services it provides.
• That the Economic Policy Advisory (APEC) and the International Operations (GOI), Treasury (GTES), Monetary Operations (GOM), Financial Entities (GEF), and Administration (GADM) Management departments, through Report BCB-GOI-INF-2021-27 of December 6, 2021, establish the need for approval of the Table of Commissions for Services and the Table of Fines of the Central Bank of Bolivia for the 2022 fiscal year.

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That the Report BCB-GAL-SANO-DLBCI-INF-2021-244 from the Legal Affairs Management (GAL) states that what is established in the technical report does not contravene current legal regulations, being the competence of the BCB Board of Directors to consider its approval in accordance with what is established in article 54 subsections a) and n) of Law No. 1670 and articles 11 numeral 45), 24 and 26 of the BCB Statute.

THEREFORE,

THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BOLIVIA

RESOLVES:

Article 1.- Approve the Table of Commissions for Services and the Table of Fines of the Central Bank of Bolivia for the 2022 fiscal year, which forms part of this Resolution as an annex.

Article 2.- This determination shall enter into effect from January 1, 2022.

Article 3.- Board Resolution No. 143/2020 of December 15, 2020, and the modification approved by Board Resolution No. 042/2021 of March 9, 2021, are hereby repealed.

Article 3.- The Presidency and General Management are charged with the execution and compliance of this Resolution.

La Paz, December 21, 2021

Roger Edwin Rojas Vilo
PRESIDENT a.i.

Oscar Ferrufino Morro
VICE-PRESIDENT a.i.

Gabriel Herbas Camacho
DIRECTOR a.i.

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Gumerindo Héctor Pino Guzmán
DIRECTOR a.i.

Diego Alejandro Pérez Cueto Eulert
DIRECTOR a.i.

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ANNEX

TABLE OF COMMISSIONS FOR SERVICES OF THE CENTRAL BANK OF BOLIVIA - 2022 FISCAL YEAR

DESCRIPTION	Bs.	(%)	RESPONSIBLE MANAGEMENT
1. Fund transfer abroad for the public sector		0.10
2. Fund transfer abroad (debt service) for financing granted by international organizations to the Bolivian private sector with disbursements received at the BCB		0.10
3. Fund transfer abroad for the financial system		2.00
4. Fund transfer from abroad for the financial system		0.00
5. Sending SWIFT messages and others	220
6. Foreign Trade Operations			International Operations
a) Import Letters of Credit
- Operations through CPCR-ALADI		0.15
- Opening and expansion of Letters of Credit (annual)		0.15
- Amendments	220
b) Export Letters of Credit
- Operations through CPCR-ALADI		0.00
- Notice and transfer	220
c) Standby Letter of Credit or Guarantee Bond (annual)
- Issuance		0.15
- Notice	220
7. External Debt Payment (local and foreign)		0.07
8. Administration of RAL M/E Fund (annual)		0.05
9. Daily deposit or withdrawal of national currency cash from the BCB vault, from the second time and subsequent times	670		Treasury
10. Deposit of cash in US dollars in the BCB vault	1,210	0.10
11. Withdrawal of cash in US dollars from the BCB vault	1,210	0.10
12. Deposit of cash from the financial system in national currency with inadequate classification of monetary material	3,500
13. Administration of "C" Bonds (annual)		0.03	Monetary Operations
14. Operation for tax co-participation greater than Bs2,000.-	8

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DESCRIPTION	Bs.	(%)	RESPONSIBLE MANAGEMENT
15. Administration of RAL M/N Fund (annual)		30% of Income
16. Administration of RAL UFV Fund (annual)		0.05
17. Monthly fee for transactional financial services for each Current and Reserve Account	4,950	0.02% in Bs and 0.04% in USD (*)	Financial Entities
18. Monthly fee for transactional financial services for each Reserve Account for Housing Financial Entities	1,100	0.02% in Bs and 0.04% in USD (*)
19. Monthly fee for transactional financial services for each Reserve Account for Cooperatives and Development Financial Institutions	550	0.02% in Bs and 0.04% in USD (*)
20. Monthly fee for transactional financial services for each Settlement Account for Brokerage Agencies, Payment Service Companies, and SAFTs	100
21. For each electronic operation in the Deferred Settlement Module - MLD of the LIP, up to a maximum of 25,000.- monthly operations	0.10
22. Electronic operations in the MLH of the LIP	3
23. MICR Checkbook	160		Administration
24. Issuance of accounting vouchers for third parties, except for operations under the Legal Reserve Regulation, operations originated in contracts with commission collection clauses in the GEF and GOM, open market operations, liquidity credits to the public sector, cash payment at Treasury, and the Tax on Large Fortunes	50	All Areas

(*) On the daily average of the previous month

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TABLE OF FINES OF THE CENTRAL BANK OF BOLIVIA

2022 FISCAL YEAR

DESCRIPTION	Bs.	(%)	RESPONSIBLE MANAGEMENT
1. Acquisition of BCB securities		2% on the nominal value of the securities	Monetary Operations
Insufficiency of funds in the accounts of the adjudicated financial entity
2. Packaging of USD in banknotes for deposit at the BCB	550		Treasury
For inadequate packaging failing to comply with what is established in BCB External Circulars (Per packaging)
3. ALADI Operations	440		International Operations
For each business day of delay in presenting the information of operations processed through CPCR - ALADI
4. Electronic transfers through the LIP			Financial Entities
For insufficiency of funds	500
Credit to accounts of financial system clients or return of unapplied balances, after 24 hours of receiving the transfer	500
5. Transfers by documentary means	275
For operations enabled in the LIP and not declared in contingency
6. Payments System	550
Operations not covered in the schedules and deadlines established by General Management Circular