Regulatory Alerts2024-11-28 | RESOLUCIONES DE DIRECTORIO N° 162/2024Added · Updated
Board Resolutions No. 162/2024
The Central Bank of Bolivia modifies Article 16 of the Legal Reserve Regulation for Financial Intermediation Entities, reducing the maximum percentage of legal reserve requirements that Multiple Banks and the Public Bank may hold in custody funds denominated in national currency (MN) and non-convertible foreign currency (MNUFV) from 60% to 40%. Other financial intermediation entities retain the ability to hold up to 60% of their requirements in these funds. Additionally, all entities must maintain 10% of their legal reserve requirement in custody funds denominated in foreign exchange (ME) and US dollars (MVDOL), with no cross-compensation allowed for deficiencies in these foreign currency funds against excesses in central bank accounts or securities. These modifications enter into force on December 3, 2024.
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