Regulatory Alerts2023-05-16 | CIEX N° 22/2023Added · Updated
CIEX No. 22/2023: Foreign Exchange Operations with Resources from the Decrease in Participation in CPVIS II, CPVIS III, FIUSEER, or CPRO Funds
Financial Intermediation Entities (EIFs) must submit their request to the BCB's Financial Entities Management and International Operations Management one business day before processing the sale of US dollars derived from the reduction of their participation in CPVIS II, CPVIS III, FIUSEER, or CPRO funds. This requirement applies to transactions conducted in Foreign Currency (ME) under the Legal Reserve Regulation modifications approved by Board Resolutions 62/2023 and 68/2023. The document explicitly repeals Circular Externa CIEX No. 17/2023 dated April 17, 2023, and provides a standardized template for EIFs to formalize these requests.
EXTERNAL CIRCULAR La Paz, May 16, 2023 CIEX No. 22/2023 FROM: GENERAL MANAGEMENT FINANCIAL ENTITIES MANAGEMENT INTERNATIONAL OPERATIONS MANAGEMENT TO: FINANCIAL INTERMEDIATION ENTITIES SUBJECT: FOREIGN EXCHANGE OPERATIONS WITH RESOURCES FROM THE DECREASE IN PARTICIPATION IN CPVIS II, CPVIS III, FIUSEER, OR CPRO FUNDS
Gentlemen:
The Central Bank of Bolivia (BCB), within the framework of the modifications to the Legal Reserve Regulation, approved through Board Resolutions No. 62/2023 of April 12, 2023, and No. 68/2023 of May 2, 2023, notifies all Financial Intermediation Entities (EIFs) that to request the sale of US dollars originating from the decrease in their participation in the CPVIS II, CPVIS III, FIUSEER, or CPRO Funds, in Foreign Currency (ME), they must submit their request to the BCB's Financial Entities Management and International Operations Management one business day before processing the operation, according to the attached format.
Circular Externa CIEX No. 17/2023, dated April 17, 2023, is hereby repealed.
Sincerely.
DIGITALLY SIGNED DOCUMENT Rolando Jorge Olmos Alcalá FINANCIAL ENTITIES MANAGER Adriana Dennise Valle Rojas INTERNATIONAL OPERATIONS MANAGER Rubén Gonzalo Ticona Chique GENERAL MANAGER Validate digital signatures at: validar.firmadigital.bo RGTCH/RJOA/ADVR/pmms/ssim Att. As cited
La Paz, __ of ______, 2023 REF:
Gentlemen Financial Entities Manager International Operations Manager CENTRAL BANK OF BOLIVIA Present. - Ref.: FOREIGN EXCHANGE OPERATIONS WITH RESOURCES FROM THE DECREASE IN PARTICIPATION IN THE [CPVIS II, CPVIS III, FIUSEER, OR CPRO] FUND
We have the honor to address you:
Within the framework of the Legal Reserve Regulation, approved through Board Resolution of the Central Bank of Bolivia (BR) No. 076/2022 of August 26, 2022, and its modifications approved with BR No. 62/2023 of April 12, 2023, and BR No. 68/2023 of May 2, 2023, we request the decrease in our participation in Foreign Currency (ME) of the [CPVIS II, CPVIS III, FIUSEER, or CPRO] Fund by USD [AMOUNT in numbers and words], to be credited to our current and reserve account in National Currency.
With no further matters, we salute you sincerely.
Authorized Signature 1 registered with BCB
Authorized Signature 2 registered with BCB