Regulatory Alerts2013-12-05 | RESOLUCION DE DIRECTORIO Nº 164/2013Added · Updated
Board Resolution No. 164/2013
The Board of Directors of the Central Bank of Bolivia amends Articles 3 and 5 of the Legal Reserve Regulation to update the list of liabilities subject to reserve requirements and adjust reserve ratios. The resolution introduces new liability categories, such as mobile wallet payment accounts and prepaid card accounts, into the reserve base. It sets reserve requirements at 2% for cash and 10% for securities in national currency, and 13.5% for cash and 8% for securities in foreign currency. Additionally, it mandates a 100% cash reserve on specific 'Other Liabilities' categories and takes effect immediately upon approval.
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