BOARD OF DIRECTORS

BOARD RESOLUTION NO. 046/2025

SUBJECT: GENERAL MANAGEMENT – MODIFY THE TABLE OF COMMISSIONS FOR SERVICES AND THE TABLE OF FINES OF THE CENTRAL BANK OF BOLIVIA.

VIEWED:

The Political Constitution of the State (CPE) of February 7, 2009.

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

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

The Regulation on Payment Services, Electronic Payment Instruments, Compensation and Settlement, approved by Board Resolution No. 076/2022 of September 6, 2022 and its modification.

The BCB Table of Commissions for Services and Table of Fines, approved by Board Resolution No. 123/2022 of December 27, 2022 and its modifications.

The report BCB-GTES-SAMM-DAMM-INF-2025-37 of March 28, 2025, issued by the Treasury Management (GTES).

The legal report BCB-GAL-SANO-DLBCI-INF-2025-94 of March 28, 2025, issued by the Legal Affairs Management (GAL).

CONSIDERING:

That Articles 327 and 3 of Paragraph I of Article 328 of the Political Constitution of the State determine that the BCB is a public law institution, with

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legal personality and own assets, which, within the framework of the State's economic policy, has the function of maintaining the stability of the internal purchasing power of the currency, to contribute to economic and social development, being one of its attributes to regulate the payment system.

That Articles 1 and 3 of Law No. 1670, modified by Article 64, section A3, numeral 1) of Law No. 1864 of June 15, 1998 on Property and Popular Credit, establish that the BCB is a State institution, of public law, of an autarkic nature, of indefinite duration, with legal personality and own assets and with legal domicile in the city of La Paz. It is the sole monetary and exchange authority of the country, with administrative, technical and financial competence and specialized normative faculties of general application and will formulate policies of general application in monetary, exchange and payment system matters for the fulfillment of its object.

That Article 44 of Law No. 1670 establishes that the highest authority of the BCB is its Board of Directors, which is responsible for defining its policies, specialized normative rules of general application and internal rules.

That paragraphs a) and q) of Article 54 of Law No. 1670 indicate as attributes of the Board of Directors to issue the rules and adopt the general decisions that were necessary for the BCB to fulfill the functions, competencies and faculties assigned to it by the Law, those indicated by the cited Law and those that are necessary for the fulfillment of its functions.

That numerals 1) and 3) of Article 5 of the BCB Statute provide that its Board of Directors has normative competence to issue specialized rules in the fields assigned by Law and technical competence for the formulation of policies and the application of instruments that allow it to fulfill its object.

That Article 6 and numerals 1) and 44) of Article 10 of the BCB Statute provide that the Board of Directors has the attributes to approve general decisions and issue the rules that were necessary for the BCB to fulfill the functions, competencies and

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faculties assigned to it by the Law and to fix the Table of Commissions that the BCB must charge for the services it provides.

That Paragraph I of Article 24 of the BCB Statute provides that resolutions and decisions of the Board of Directors are adopted by a simple majority of votes of its members present in a meeting, except in cases where Law No. 1670 or the BCB Statute require qualified majorities.

That Article 26 of the BCB Statute stipulates that the Board of Directors rules on matters within its competence through Resolutions. It may also do so through decisions that will be expressly recorded in the Minutes. Likewise, every draft Board Resolution must be motivated and justified by a technical report from the Management or Managements to which the subject matter of the Resolution corresponds and by a report from the GAL. These reports must be sent to the Board of Directors by the General Management with its recommendation.

That the Regulation on Payment Services, Electronic Payment Instruments, Compensation and Settlement, has as its object, among others, to regulate, within the scope of the national payment system, the services and Electronic Payment Instruments (EPI), being applicable to Financial Intermediation Entities (FIE).

That the report BCB-GTES-SAMM-DAMM-INF-2025-37 concludes that the proposed commission will allow covering the costs associated with the BCB and generate incentives for the greater use of electronic payment means, being technically viable the approval of the modification to numeral 7 of section 2 (Commissions to the Financial System) of the BCB Table of Commissions for Services implementing a commission on the withdrawal of cash in National Currency instead of the current commission; therefore, it recommends to the Board of Directors its approval.

That the legal report BCB-GAL-SANO-DLBCI-INF-2025-94 concludes, in accordance with the technical opinion set forth in report BCB-GTES-SAMM-DAMM-INF-2025-37, the proposal of GTES regarding the modification to numeral 7 of section 2 (Commissions to the

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Financial System) of the Table of Commissions for Services of the Central Bank of Bolivia, approved by Board Resolution No. 123/2022 of December 27, 2022 and its modifications, eliminating the cash deposit and establishing differentiated percentages for Multiple Banks and Financial Entities with majority State participation and the rest of FIEs on commissions for the withdrawal of cash in National Currency from the BCB vault, with the object of covering the operational costs associated with the BCB and incentivizing the use of EPIs, is legally viable for approval by the BCB Board of Directors as it does not contravene any legal provision and is within the attributes of the BCB; recommending to the BCB Board of Directors its approval.

THEREFORE,

THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BOLIVIA

RESOLVES:

Article 1.- Modify numeral 7 of section 2. (Commissions to the Financial System) of the Table of Commissions for Services of the Central Bank of Bolivia, approved by Board Resolution No. 123/2022 of December 27, 2022 and its modifications, as described below:

"(...)"

	Description	Bs	%	Responsible Management
7.	Daily withdrawal of cash in National Currency from the BCB vault.
	a. Multiple Banks and Financial Entities with majority State participation.	---	0.02	Treasury
	b. Rest of the Financial Intermediation Entities.	---	0.01

(...)

Article 2.- This Resolution will enter into force from its publication.

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

La Paz, April 1, 2025

SIGNED. ROGER EDWIN ROJAS ULO, Gumercindo Héctor Pino Guzmán, Miguel Angel Marañon Urquidi, Victor Gonzalo Calisaya Gomez.