BOARD OF DIRECTORS

BOARD RESOLUTION NO. 74/2026

SUBJECT:

INTERNATIONAL OPERATIONS MANAGEMENT – REPEAL OF THE REGULATION FOR THE PHYSICAL IMPORT AND EXPORT OF FOREIGN CURRENCY TO AND FROM THE NATIONAL TERRITORY BY REGULATED FINANCIAL ENTITIES.

VIEWED:

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

Supreme Decree No. 29681 of August 20, 2008, modified by Supreme Decree No. 5404 of May 23, 2025.

Board Resolution No. 95/2022 of October 6, 2022, which approves the Statute of the Central Bank of Bolivia.

Board Resolution No. 83/2025 of July 1, 2025, which approves the Regulation for the Physical Import and Export of Foreign Currency to and from the National Territory by Regulated Financial Entities.

Report BCB-GOI-SRES-DOI-INF-2026-33 of May 22, 2026, from the International Operations Management (GOI).

Report BCB-GAL-SANO-DLBCI-INF-2026-128 of May 25, 2026, from the Legal Affairs Management (GAL).

CONSIDERING:

That Law No. 1670 in its Article 1 establishes that the BCB is the sole monetary and exchange authority of the country, with administrative, technical, and financial competence and specialized normative powers of general application. In its Articles 19 and 20, it provides that the BCB will establish the exchange regime and execute exchange policy, regulating the conversion of the national currency in relation to the currencies of other countries and the procedures to determine the corresponding exchange rates, having for this purpose the power to regulate financial operations with foreign countries carried out by individuals or public or private entities.

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That the aforementioned Law, in its Articles 44 and 54, subsections a), o), and q), provides that the highest authority of the BCB is its Board of Directors, which is responsible for defining its policies, specialized norms of general application, and internal norms, which has the attributes to issue norms and adopt general decisions that may be necessary for the BCB to fulfill the functions, competencies, and powers assigned to it by the Law; 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, and those that are necessary for the fulfillment of its functions. In Articles 65 and 67, subsections b) and e), it determines that the General Manager is the first operational authority of the BCB, responding directly to the President, and therefore is responsible for the internal management and administration of the BCB, in the manner and with the attributes assigned to him by this Law, the Statute, and the Regulations of the institution, and has the attributes to administer the operations of the BCB, in accordance with the policies established by the Board of Directors and the instructions issued by the President, and all those that are necessary for the fulfillment of his responsibilities within the framework of this Law.

That paragraph III of Article 2 of Supreme Decree No. 5404 modifies Article 4 of Supreme Decree No. 29681, establishing that financial intermediation entities and/or money transfer and remittance companies with a License to Operate granted by the Financial System Supervision Authority (ASFI), must carry out physical import and export operations of foreign currency to/from the national territory, in accordance with the regulation established by the BCB.

That the Statute of the BCB in numerals 19), 20), and 22) of its Article 49 establishes that it is the attribute of the General Manager to issue circulars of an internal and external nature for the communication and dissemination of institutional aspects of a general order, to approve through General Management Resolutions guides or manuals developed by organizational areas for external use or other documents that so require in the current regulations, and other attributes entrusted to him by the President and the Board of Directors.

That the Regulation for the Physical Import and Export of Foreign Currency to and from the National Territory by Regulated Financial Entities has the object of regulating the physical import and export operations of foreign currency to and from the national territory by regulated financial entities.

CONSIDERING:

That through report BCB-GOI-SRES-DOI-INF-2026-33, the GOI points out and recommends that in compliance with Supreme Decree No. 5404, Board Resolution

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No. 83/2025 was approved and that under this Regulation, no physical import or export operations of foreign currency were executed. The activities detailed in the Regulation for the Physical Import and Export of Foreign Currency to and from the National Territory by Regulated Financial Entities are purely operational and it corresponds to the General Management and the GOI to issue an External Circular detailing the operational procedures for the physical import and export of foreign currency to/from the national territory by regulated entities; therefore, it recommends repealing the aforementioned Regulation.

That through report BCB-GAL-SANO-DLBCI-INF-2026-128, the GAL concludes that it is legally feasible to repeal the Regulation for the Physical Import and Export of Foreign Currency to and from the National Territory by Regulated Financial Entities through a Board Resolution, which can establish the regulation for the compliance of Supreme Decree No. 29681 modified by Supreme Decree No. 5404, and provide that purely operational aspects be approved by the General Management, all of this without violating the current legal framework, therefore, it corresponds to the Board of Directors of the BCB to approve such determinations in accordance with what is established in Article 54 subsections a), o), and q); Articles 65 and 67 subsections b) and e) of Law No. 1670; numerals 19), 30), and 49) of Article 10 and numerals 19), 20), and 22) of Article 49 of the Statute of the BCB, and recommends that said Regulation be repealed.

THEREFORE,

THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BOLIVIA

RESOLVES:

Article 1.- Repeal the Regulation for the Physical Import and Export of Foreign Currency to and from the National Territory by Regulated Financial Entities, approved by Board Resolution No. 83/2025 of July 1, 2025.

Article 2.- Financial Intermediation Entities and Money Transfer and Remittance Companies with a license to operate granted by the Financial System Supervision Authority (ASFI), may carry out their physical import and export operations of foreign currency to and from the national territory, with prior authorization from the Central Bank of Bolivia.

Article 3.- The operational aspects of these operations will be approved by the General Management of the BCB and communicated to the entities referred to in the previous article of this Board Resolution.

Article 4.- This Resolution will enter into force from the date of its publication.

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Article 5.- The Presidency and the General Management are charged with the execution and compliance of this Resolution.

La Paz, May 28, 2026

David Iván Espinoza Torrico
PRESIDENT a.i.

Dennise Sussan Martín Alarcón
DIRECTOR a.i.

Claudia Haydee Pacheco Ayala
DIRECTOR a.i.

Álvaro Alfonso Romero Villavicencio
DIRECTOR a.i.