Regulatory Alerts2019-04-18 | CIEX N° 27/2019Added · Updated
CIEX No. 27/2019: Modification to the Legal Reserve Regulation
The Central Bank of Bolivia reduces legal reserve requirements for foreign currency liabilities, lowering the title reserve rate from 25% to 10% for deposits over 720 days and from 33% to 18% for other liabilities. The freed-up resources are transferred to create the Productive Portfolio and Social Housing Fund (Fondo CPVIS III), which provides financial intermediation entities with access to zero-interest liquidity loans in national currency to finance the productive sector and social housing. The regulation also updates definitions for the RAL-ME Fund administrator, clarifies fund administration responsibilities, and extends the deadline for voluntary contributions to the previous fund to May 31, 2019.
Topics
capital
monetary
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