Regulatory Alerts2014-01-16 | CD-SIBOIF-811-1-DIC3-2013Added · Updated
Norm on Updating the Amount of Savings Deposits of Natural Persons That Are Unseizable
The Board of Directors of the Superintendence of Banks and Other Financial Institutions issued Resolution No. CD-SIBOIF-811-1-DIC3-2013 to update the unseizable limit for natural persons' savings deposits. The resolution establishes a new unseizable amount of US$ 8,784.97, or its equivalent in córdobas at the official exchange rate on the day of seizure execution. It also approves a calculation method based on currency conversion using official exchange rates and repeals the previous norm from November 2011. This norm entered into force upon publication in a newspaper of wide national circulation.
Topics
Share