Board Resolution No. 37/2026

BOARD OF DIRECTORS
BOARD RESOLUTION NO. 37/2026
SUBJECT: INTERNATIONAL OPERATIONS MANAGEMENT - REPEAL THE INTERNAL REGULATION FOR OPERATIONS THROUGH THE SUCRE.

VIEWED:
The Law No. 1670 of October 31, 1995, of the Central Bank of Bolivia (BCB) and its modifications.
The Constitutive Treaty of the Unitary System of Regional Payments Compensation (SUCRE) signed on October 16, 2009.
Law No. 16 of May 24, 2010.
Board Resolution No. 103/2010 of September 14, 2010, which approves the Internal Regulation for Operations through the SUCRE and its modifications.
Board Resolution No. 95/2022 of October 6, 2022, which approves the Statute of the BCB.
The report BCB-GOLSOEXT-DOCC-INF-2026-8 of March 30, 2026, from the International Operations Management (GOI).
The report BCB-GAL-SANO-DLBCI-lNF-2026-68 of March 30, 2026, from the Legal Affairs Management (GAL).

CONSIDERING:
That Law No. 1670 in its articles 44 and 54, subsections a), c), and o), provides that the highest authority of the BCB is its Board of Directors, which has the authority to issue norms and adopt general decisions necessary for the BCB to fulfill the functions, competencies, and powers assigned to it by the Law; to monitor the execution of monetary, exchange, credit, financial intermediation, international reserves administration, and other policies and regulations corresponding to the BCB in accordance with this Law, as well as to approve, modify, and interpret the Statute and Regulations of the BCB, by two-thirds of the votes of all its members, without the need for any additional administrative act.

BOARD OF DIRECTORS
112. B.R. No. 37/2026

That the Constitutive Treaty of the Unitary System of Regional Payments Compensation, approved by Law No. 16 of May 24, 2010, establishes that the Central Clearing House for SUCRE Payments shall be channeled through the central banks of the State Parties to the Unitary System of Regional Payments Compensation (SUCRE).

That the Internal Regulation for Operations through the SUCRE in its article 1 determines that its object is to establish the procedures for channeling payments through the Central Clearing House for SUCRE Payments by financial entities authorized as Authorized Operational Banks.

That the Statute of the BCB in numerals 1) and 30) of its article 10 provides that the Board of Directors has the authority to approve general decisions and issue norms necessary for the BCB to fulfill the functions, competencies, and powers assigned to it by the Law and to approve, modify, and interpret the Statute and Regulations of the BCB, by two-thirds of the votes of all its members, without the need for an additional administrative act.

CONSIDERING:
That through report BCB-GOI-SOEXT-DOCC-INF-2026-8, GOI concludes that from the evaluation carried out on the Internal Regulation for Operations through the SUCRE approved by Board Resolution No. 103/2010 of September 14, 2010, and its modifications, it recommends the BCB Board of Directors to repeal it, because no export and import operations were carried out under the SUCRE Agreement since 2017, which has had no activity for approximately 10 years and no longer benefits the country; therefore, it is not advisable to maintain a regulation for these operations.

That through report BCB-GAL-SANO-DLBCl-INF-2026-68, GAL states that in the context of the background, the aforementioned regulations, and in accordance with the recommendation of GOI to repeal the Internal Regulation for Operations through the SUCRE, because the agreement has had no activity for approximately 10 years and no longer benefits the country; it concludes that, within the framework of the BCB's authorities, it is legally feasible to repeal the aforementioned Regulation, as it does not contravene the current legal framework, being within the competence of the BCB Board of Directors to consider such determination, by two-thirds of the votes, in accordance with what is established in articles 44 and 54, subsections a), c), and o) of Law No. 1670 and numerals 1) and 30) of article 10.

BOARD OF DIRECTORS
//3. B.R. No. 37/2026

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

Article 1.- Repeal the Internal Regulation for Operations through the SUCRE approved by Board Resolution No. 103/2010 of September 14, 2010, and its modifications approved by Board Resolutions No. 113/2010 of October 5, 2010, No. 196/2012 of November 20, 2012, No. 70/2013, and No. 140/2017 of June 25 and October 10, 2017.

Article 2.- The Presidency and General Management are charged with the execution and compliance of this Resolution.

La Paz, March 31, 2026

David Iván Espinoza Torrico
PRESIDENT a.i.

Claudia Haydee Pacheco Ayala
DIRECTOR a.i.

Dennise Sussan Martin Alarcón
DIRECTOR a.i.

Walter Fernando Orellana Rocha
DIRECTOR a.i.

Alvaro Alfonso Romero Villavicencio
DIRECTOR a.i.