Board Resolution No. 181/2025

[Logo of the Central Bank of Bolivia] [Emblem of the Plurinational State of Bolivia]

BOARD OF DIRECTORS
BOARD RESOLUTION NO. 181/2025

SUBJECT: TREASURY MANAGEMENT – AUTHORIZE THE MONETIZATION OF MONETARY MATERIAL OF THE Bs1 DENOMINATION.

HAVING REVIEWED:

The Political Constitution of the State of February 7, 2009.

Law No. 901 of November 28, 1986, creating a new monetary unit.

Law No. 1670 of the Central Bank of Bolivia (BCB) of October 31, 1995, and its modifications.

The Regulation on Monetization, Distribution, Destruction of Monetary Material, and Destruction of Counterfeit Material, approved by Board Resolution No. 094/2018 of July 24, 2018, and its modifications.

The Statute of the BCB approved by Board Resolution No. 095/2022 of October 6, 2022.

Contract SANO-DLABS No. 4/2025 of January 28, 2025, and the Amending Contract SANO-DLABS No. 98/2025 of May 19, 2025, signed between the BCB and the company MENNICA POLSKA S.A.

Report BCB-GTES-SAMM-DAMM-INF-2025-191 of December 11, 2025, issued by the Treasury Management (GTES).

Report BCB-GAL-SANO-DLBCI-INF-2025-412 of December 12, 2025, issued by the Legal Affairs Management (GAL).

CONSIDERING:

That the Political Constitution of the State in numeral 4 of paragraph I of its article 328 establishes that it is an attribution of the BCB, in coordination with the economic policy determined by the Executive Branch, to authorize the issuance of currency.

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That Law No. 901 in its articles 1 and 3 establishes the creation of the Boliviano as a new unit of the monetary system of the Plurinational State of Bolivia, through banknotes and coins that the BCB will issue and circulate with the quality of legal and mandatory tender, and that it will be the sole issuer of banknotes and coins.

That Law No. 1670 in its article 1 establishes that the BCB is the sole monetary authority of the country, with administrative, technical, and financial competence and specialized regulatory powers. In its articles 10 and 11, it provides that the BCB will exercise, in an exclusive and non-delegable manner, the function of issuing the monetary unit of Bolivia called the "Boliviano" in the form of banknotes and metallic coins that are legal tender payment methods throughout the territory of the Plurinational State of Bolivia, with unlimited liberatory power.

That the aforementioned Law, in its article 44, establishes that the highest authority of the BCB is its Board of Directors, responsible for defining its policies, specialized regulations of general application, and internal rules; as well as for establishing administrative, operational, and financial strategies of the BCB. In its article 54, subsections a) and m), it determines that the Board has the powers to issue regulations and adopt general decisions that are necessary for the BCB to fulfill the functions, competencies, and powers assigned to it by the Law, and to authorize and supervise the printing, issuance, and destruction of banknotes, and the minting and withdrawal of coins, within the norms of the aforementioned Law.

That the Regulation on Monetization, Distribution, Destruction of Monetary Material, and Destruction of Counterfeit Material in its article 2 defines monetization as a privative function of the BCB as the sole issuer of the Boliviano to put into circulation banknotes and coins of legal and mandatory tender with unlimited liberatory power. Likewise, in its article 3, it provides that the Board of Directors of the BCB, through express resolution, will authorize the monetization of monetary material based on reports from GTES and GAL, according to the issuance or storage requirements determined by GTES.

That the Statute of the BCB in numeral 11) of its article 10, provides that the Board of Directors of the BCB has the power to approve the printing, issuance, and destruction of Boliviano banknotes and coins and those issued for commemorative and numismatic purposes, as well as their

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denominations, dimensions, designs, and colors, according to Regulations when applicable.

That through Contract SANO-DLABS No. 4/2025 of "Acquisition of Legal Tender and Commemorative Coins" and Contract SANO-DLABS No. 98/2025, the BCB received legal tender and commemorative coins contracted for the demand of financial intermediation entities and the general public.

CONSIDERING:

That through report BCB-GTES-SAMM-DAMM-INF-2025-191, GTES concludes that, according to coin demand projections, the current existence of the Bs1 denomination is insufficient to cover the requirements of financial intermediation entities and the general population in the short term; therefore, to respond to these needs and to meet issuance requirements in accordance with current regulations, monetization is considered technically viable. For this effect, the coins to be used correspond to the pieces recently delivered to the BCB under Contract SANO-DLABS No. 4/2025 and Amending Contract SANO-DLABS No. 98/2025 signed with MENNICA POLSKA S.A. Based on the analysis carried out under article 3 (Authorization of Monetization) of the "Regulation on Monetization, Distribution, Destruction of Monetary Material, and Destruction of Counterfeit Material," it recommends to the Board of Directors of the BCB to authorize the monetization of 6,000,000 pieces of Bs1 (equivalent to Bs6,000,000). Likewise, it recommends designating a member of the Board to participate in the monetization act of the cited material on its behalf.

That Report BCB-GAL-SANO-DLBCI-INF-2025-412 from GAL concludes that the request of GTES through Report BCB-GTES-SAMM-DAMM-INF-2025-191, regarding the monetization of 6,000,000 pieces of the Bs1 denomination, equivalent to Bs6,000,000, is legally appropriate, corresponding to the Board of Directors of the BCB to authorize the monetization of coins within the framework of articles 3 and 4 of the Regulation on Monetization, Distribution, Destruction of Monetary Material, and Destruction of Counterfeit Material and its modifications. Finally, in the exercise of the supervision power, it corresponds to the

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Board of Directors of the BCB to designate one of its members to participate in the corresponding monetization act.

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

Article 1.- Authorize the monetization of coins in the Bs1 denomination, according to the following detail:

Denomination	Quantity (Pieces)	Amount (Bs)
Bs1	6,000,000	6,000,000

Article 2.- Designate Acting Director Dennise Sussan Martin Alarcón to participate, on behalf of the Board, in the monetization act of the cited material.

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

La Paz, December 16, 2025

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SIGNED: DAVID IVÁN ESPINOZA TORRICO, Claudia Haydee Pacheco Ayala, Dennise Sussan Martin Alarcón, Walter Fernando Orellana Rocha, Álvaro Alfonso Romero Villavicencio