Regulatory Alerts2023-12-12 | RESOLUCIONES DE DIRECTORIO N° 158/2023Added · Updated
Board Resolution No. 158/2023
The Board of Directors of the Central Bank of Bolivia amends Article 23 of the Regulation for the Administration of International Reserves to establish specific sovereign and issuer credit rating thresholds for monetary reserves, gold investments, and repo operations. The resolution mandates minimum long-term ratings of A or higher for general monetary investments, AA- or higher for gold, and A- or higher for repo operations where the central bank is the lender, while capping annual credit risk at 1% of USD-denominated reserves. These requirements apply to all international reserve investments and intermediation activities managed by the central bank.
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