Regulatory Alerts2016-02-02 | RESOLUCIONES DE DIRECTORIO N° 018/2016Added · Updated
Board Resolutions No. 018/2016
The Board of Directors of the Central Bank of Bolivia amends the 2016 Service Commission Table by increasing the fee for outgoing fund transfers to the financial system from 1.00% to 1.60% and reducing the fee for incoming fund transfers from 0.60% to 0.00%. The revised fee structure explicitly includes BCB remittance operations and diplomatic transfers in the zero-fee category for incoming funds. These modifications enter into force on February 3, 2016, for outgoing transfers, and February 10, 2016, for incoming transfers.
Central Bank of Bolivia
Board of Directors
BOARD RESOLUTION NO. 018/2016
SUBJECT: INTERNATIONAL OPERATIONS DEPARTMENT - APPROVES MODIFICATION OF THE COMMISSION TABLE FOR SERVICES PROVIDED BY THE CENTRAL BANK OF BOLIVIA FOR THE 2016 MANAGEMENT PERIOD.
VIEWING:
- Law No. 1670 of October 31, 1995.
- Board Resolution No. 223/2015 of December 8, 2015, which approves the Commission Table for Services of the Central Bank of Bolivia for the 2016 management period.
- Report from the International Operations Department BCB-GOI-INF-2016-01 of January 18, 2016.
- Report from the Legal Affairs Department BCB-GAL-SANO-DLBCI-INF-2016-13 of January 19, 2016.
CONSIDERING:
- That according to Article 11, numeral 45) of the BCB Statute, the Board of Directors has among its powers the authority to establish the Commission Table to be charged for the services it provides.
- That the International Operations Department, in its Report BCB-GOI-INF-2016-01, recommends to the Board of Directors the modification of the Commission Table for Services for the 2016 management period.
- That according to Report BCB-GAL-SANO-DLBCI-INF-2016-13 from the Legal Affairs Department, there is no legal impediment for the BCB Board of Directors to approve the modification of the Commission Table for Services for the 2016 management period.
THEREFORE,
THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BOLIVIA
RESOLVES:
Article 1.- Approve the following modifications in the Commission Table for Services of the Central Bank of Bolivia for the 2016 management period:
IT STATES:
| DESCRIPTION | Bs. | (%) | RESPONSIBLE DEPARTMENT |
|---|---|---|---|
| 2. Transfer of funds abroad for the financial system | 1,00 | ||
| 3. Fund transfers from abroad for the financial system, excluding operations through the BCB for remittances equal to or less than USD 1,000.-, and operations through the financial system for the Diplomatic Corps, Cooperation Agencies, International Organizations, and remittances equal to or less than USD 1,000.- | 0,60 | International and Monetary Operations |
//2. B.D. No. 018/2016
IT SHOULD STATE:
| DESCRIPTION | Bs. | (%) | RESPONSIBLE DEPARTMENT |
|---|---|---|---|
| 2. Transfer of funds abroad for the financial system | 1,60 | ||
| 3. Fund transfers from abroad for the financial system, including operations through the BCB for exports and remittances, and operations through the financial system for the Diplomatic Corps, Cooperation Agencies, and International Organizations, and remittances equal to or less than USD 1,000.- | 0,00 | International and Monetary Operations |
Article 2.- The modification established in point 2 of Article 1 of this Resolution shall enter into force on February 3, 2016.
Article 3.- The modification of point 3 of Article 1 of this Resolution shall enter into force from February 10, 2016.
Article 4.- The Presidency and the General Management are charged with the execution and compliance of this Resolution.
La Paz, February 2, 2016.
Marcelo Zabalaga Estrada Sergio Velarde Vera Ronald Polo Rivero Abraham Pérez Alandia Reynaldo Yujra Segales Alvaro Rodríguez Rojas
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