Circular SGDB No. 031/2018: Procedure for Confiscation, Seizure, and Invalidation of Counterfeit Banknotes and Coins

The Central Bank of Bolivia mandates that Financial Intermediation Entities (FIEs) must immediately report detected counterfeit currency to their superiors, invalidate banknotes by stamping "FALSO" or coins with an indelible "F" in the holder's presence, and execute a Confiscation and Seizure Act. FIEs are required to submit documentary evidence to the Public Prosecutor's Office or the Special Force Against Crime (FELCC) within three business days, while both FIEs and FELCC must transmit copies of these acts and the physical counterfeit items to the Central Bank every three weeks for statistical and laboratory purposes. This circular supersedes previous administrative provisions, including Circular SGDB No. 032/2014, and becomes effective on August 8, 2018, throughout the Plurinational State of Bolivia.

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BANCO CENTRAL DE BOLIVIA
PLURINATIONAL STATE OF BOLIVIA
EXTERNAL CIRCULAR
La Paz, August 08, 2018
SGDB No. 031/2018

FROM:
GENERAL MANAGEMENT

TO:
FINANCIAL INTERMEDIATION ENTITIES, BANKS,
HOUSING FINANCIAL ENTITIES AND COOPERATIVES

INSTRUCTIVE FOR FINANCIAL INTERMEDIATION ENTITIES AND THE GENERAL PUBLIC REGARDING CONFISCATION, SEIZURE, AND INVALIDATION OF COUNTERFEIT BANKNOTES AND COINS THROUGHOUT THE NATIONAL TERRITORY

SUBJECT:

Ladies and Gentlemen:

The Central Bank of Bolivia, in accordance with Article No. 328, numeral 4 of the Political Constitution of the State, Article 3 of Law No. 901 of November 28, 1986, and Article 10 of Law No. 1670 of October 31, 1995, is the sole Institution with the exclusive and inalienable function of issuing the monetary unit of Bolivia, which is "The Boliviano," in the form of banknotes and metal coins.

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Lineage: In force

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This document supersedes: Circular SGDB No. 032/2014 on Confiscation, Seizure, and Invalidation of Counterfeit Banknotes and Coins

Source: Banco Central de Bolivia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works