Regulatory Alerts2018-10-15 | 032 2018 SGDB EXTAdded · Updated
Circular SGDB No. 032/2018: Instruction for the Exchange of Boliviano Banknotes
The Central Bank of Bolivia mandates that Financial Intermediation Entities (FIEs) exchange Boliviano banknotes torn at the signatures or serial numbers, provided the elements are complete and part of the same note. For mutilated banknotes missing a portion but retaining two signatures and a serial number, FIEs must complete a sworn Exchange of Fraction of Banknote Act, provide a copy to the client, and submit the documentation along with the client's ID or passport to the Central Bank's Treasury Management within three business days. This circular becomes effective on October 1, 2018, throughout the Plurinational State of Bolivia.
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