Regulatory Alerts2024-11-06 | RESOLUCIONES DE DIRECTORIO Nº 148/2024Added · Updated
Board Resolution No. 148/2024
The Central Bank of Bolivia amends the Regulation for the Administration of International Reserves to strengthen liquidity and authorize gold operations. It mandates a minimum gold reserve of 22 tonnes, calculated semi-annually, and permits the conversion of gold into foreign currency subject to annual limits defined in the Annual Investment Policy. The resolution expands authorized investment instruments and operations, including securities lending and swaps, while imposing strict sovereign credit rating thresholds on counterparties and jurisdictions. It also sets a maximum annual credit loss limit of 1% for international monetary reserves and requires financial entities handling gold to be members of the London Bullion Market Association.
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