DIRECTORATE

DIRECTORATE RESOLUTION No. 145/2026

SUBJECT:
TREASURY MANAGEMENT - APPROVE THE REGULATION FOR THE ADMINISTRATION OF MONETARY MATERIAL

WHEREAS:

Law No. 1670 of 31 October 1995, of the Central Bank of Bolivia (BCB) and its amendments.

Directorate Resolution No. 106/2021 of 30 September 2021, which approves the Regulation for the Administration of Monetary Material and its amendments.

The Statute of the BCB, approved by Directorate Resolution No. 85/2026 of 23 June 2026.

Report BCB-GTES-SAOMM-DAMM-INF-2026-37 of 12 October 2026, issued by the Treasury Management (GTES).

Report BCB-GAE-SANO-DLBCI-INF-2026-262 of 13 October 2026, issued by the Legal Affairs Management (GAL).

CONSIDERING:

That Law No. 1670 in its articles 1, 3 and 6 establishes that the BCB is the sole monetary and exchange authority of the country, with administrative, technical and financial competence and specialized regulatory powers of general application, in the form and with the scope established in the Law; it formulates policies of general application in monetary, exchange and payment system matters and executes monetary policy; it regulates the quantity of money and the volume of credit according to its monetary program and may, for this purpose, issue, place and acquire securities and carry out other open market operations.

That the aforementioned Law provides in its articles 10, 11 and 30 that the BCB shall exclusively and non-delegably exercise the function of issuing the monetary unit of Bolivia, which is the Boliviano, in the form of banknotes and coins, which are legal tender means of payment throughout the territory of the Plurinational State with unlimited liberatory power; it also establishes that all entities of the financial intermediation and financial services system, whose operation is authorized by the Financial System Supervision Authority - ASFI, are subject to the regulatory competence of the BCB.

That articles 44 and 54 subparagraphs a) and o) of Law No. 1670 provide that the highest authority of the BCB is its Directorate, which has the powers to issue the rules and adopt the general decisions necessary for the BCB to fulfill the functions, competences and powers assigned to it by the Law and to approve, amend and interpret the

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Statute and Regulations of the BCB, by two-thirds of the votes of all its members, without the need for any additional administrative act.

That the Regulation for the Administration of Monetary Material regulates the deposit, processing and withdrawal of monetary material, arising from operations carried out by the Public Banking Entity and by the Financial Intermediation Entities, holders of Current Accounts and Reserve Accounts or Reserve Accounts. Likewise, it regulates the deposits of MM for credit to fiscal accounts under the administration of the BCB, attention to Payment Orders and Management Checks issued by the BCB, collection of funds in custody of vaults of the Public Banking Entity and sending of remittances in US dollars to the Federal Reserve of the United States of America.

That the Statute of the BCB in numerals 1), 2) and 22) of its article 11 provides that the Directorate has the powers to approve the general decisions and issue the rules necessary for the BCB to fulfill the functions, competences and powers assigned to it by the Law; to define the policies of the BCB, specialized regulations of general application and internal rules; to establish administrative, operational and financial strategies of the BCB by approving its short- and medium-term programs; and to approve, amend and interpret the Statute and Regulations of the BCB, by two-thirds of the votes of all its members.

CONSIDERING:

That by means of report BCB-GTES-SAOMM-DAMM-INF-2026-37, the GTES concludes that the new Regulation for the Administration of Monetary Material will be an updated, systematized regulatory instrument consistent with the institutional reality, facilitating its compliance by public servants and promoting a more orderly, transparent and effective management of monetary material; recommending its approval to the Directorate.

That by means of report BCB-GAL-SANO-DLBCI-INF-2026-262, the GAL concludes that the proposed Regulation for the Administration of Monetary Material is legally viable as it does not violate the current legal order, so it corresponds to the Directorate of the BCB to approve it in accordance with the provisions of article 54 subparagraphs a) and o) of Law No. 1670 and article 11 numerals 1), 2) and 22) of the Statute of the BCB, and consequently Directorate Resolution No. 106/2021 of 30 September 2021 and its amendments must be left without effect.

THEREFORE,
THE DIRECTORATE OF THE CENTRAL BANK OF BOLIVIA RESOLVES:

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Article 1.- Approve the Regulation for the Administration of Monetary Material which is attached as an Annex and forms part of this Resolution.

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Article 2.- Leave without effect the Regulation for the Administration of Monetary Material, approved by Directorate Resolution No. 106/2021 of 30 September 2021, amended by Directorate Resolutions No. 36/2022 of 3 May 2022, No. 79/2023 of 12 May 2023, No. 113/2023 of 22 August 2023, No. 167/2023 of 28 December 2023 and No. 26/2026 of 13 March 2026.

Article 3.- This Resolution shall enter into force from its publication.

Article 4.- The Presidency and the General Management are entrusted with the execution and compliance of this Resolution.

La Paz, 13 October 2026

SIGNED. DAVID IVÁN ESPINOZA TORRICO, Claudia Haydee Pacheco Ayala, Dennise Sussan Martin Alarcón, Walter Fernando Orellana Rocha, Álvaro Alfonso Romero Villavicencio.

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ANNEX REGULATION FOR THE ADMINISTRATION OF MONETARY MATERIAL

CHAPTER I PRELIMINARY PROVISIONS

Article 1. (Purpose).- The purpose of this Regulation is to regulate:

a) The deposit, processing and withdrawal of monetary material (MM) in national currency (MN) and US dollars (USD) derived from operations carried out by Financial Intermediation Entities (E1F) that have Current and Reserve accounts or Reserve Accounts at the Central Bank of Bolivia (BCB).

b) Deposits destined for credit to fiscal accounts administered by the BCB; the processing of Payment Orders and Manager's Checks issued by the BCB; the management of funds in custody in the vaults of the Public Banking Entity (EBP); and the sending or receiving of remittances in USD to the Federal Reserve of the United States of America (FED).

Article 2. (Definitions).- For purposes of this Regulation the following definitions shall be used:

Security Areas of the Treasury Management (GTES): Closed and protected spaces at the BCB that have security measures for the safekeeping, processing, destruction or transit of MM.

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Unfit Banknote: Banknote issued by the BCB that retains its two signatures and at least one serial number, but that, in accordance with the Manual for the Selection of Boliviano Banknotes, must be withdrawn from circulation.

Fit Banknote: Banknote issued by the BCB that retains its two signatures and at least one serial number, and that in accordance with the Manual for the Selection of Boliviano Banknotes must remain in circulation.

Public Banking Entity (EBP): EIF with state shareholding greater than 97%, with exclusive competence to administer the fiscal accounts of the Public Administration at all levels of government on behalf of the BCB.

Funds in Custody at the EBP: Custody of MM deposited by the E1F that maintain current and/or reserve accounts at the BCB, for legal reserve in MN.

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Cancellation: Process by which unfit banknotes, after being recounted and verified, are perforated on the signatures and serial numbers, losing their monetary value.

Manual for the Selection of Boliviano Banknotes: It is the instrument whose purpose is to establish the selection criteria for "Boliviano" banknotes that the BCB, EIF, Monetary Material and/or Securities Transport Company (ETM) or others provided for in the regulations, must know and apply to determine fit and unfit banknotes for circulation.

Bundle of Banknotes: Set of one thousand banknote pieces of the same denomination and the same family, arranged in ten bundles of one hundred pieces each.

MM Processing: Set of counting, verification and classification operations of MM, carried out by the BCB or by the authorized ETM or EIF, under conditions, controls and security measures established by the BCB.

CHAPTER II OPERATIONS WITH EIF

Article 3. (Deposits).-

I. EIF may make deposits of banknotes at the BCB in MN or USD at the times and in accordance with the conditions defined by the BCB through External Circular of the General Management (GGRAL) of the BCB.

II. Deposits of banknotes in MN of the EIF shall be classified as fit and unfit in accordance with the "Manual for the Selection of Boliviano Banknotes" approved by the GGRAL.

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Any unfit banknote deposited at the BCB prior to the issuance of a new "Manual for the Selection of Boliviano Banknotes" shall maintain such classification until its cancellation.

III. Banknote deposits shall be received in security areas of the BCB, once the reception requirements have been verified.

IV. The BCB will not receive deposits of coins in MN or USD.

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Article 4. (Processing of Banknotes Deposited at the BCB).-

I. The OTES shall schedule the processing of MN banknotes classified as unfit and/or fit and shall communicate the date of this processing to the depositing EIF, with at least three (3) business days' advance notice for the designation of representatives (observers) who witness and validate the process and its results.

II. The participation of an observer from the ETM shall be permitted when it has intervened in the deposit operation on behalf of the EIF.

III. If in the processing of MN banknotes it is found that the equivalent of more than 1% of banknotes fails to comply with the classification conditions set forth in the External Circular of GGRAL, the provisions of the Table of Commissions and Fines approved by the Board of Directors of the BCB shall apply.

IV. If in the processing of MN banknotes surplus, missing, counterfeit, adulterated or half pieces are detected, the corresponding charges and credits shall be made to the current and reserve account or reserve account of the depositing EIF, as the case may be. The charges and credits shall be made within a maximum period of one (1) business day after the differences are established.

V. The BCB may contract the services of an ETM for MM processing, which shall be carried out in security areas of the BCB or of the ETM, in accordance with conditions, controls, security and surveillance established by the BCB.

Article 5. (Withdrawal of MM from the BCB).-

I. EIF may withdraw MM from the BCB in MN and USD against their current and reserve accounts or reserve accounts, at the times and in accordance with the conditions defined by the BCB through External Circular of GGRAL.

II. The delivery of MM in MN or USD shall be made based on the availability of denominations of the BCB.

III. To effect the withdrawal, the BCB shall deliver the MM in the following order: i) deposited by the same EIF, ii) processed by the ETM contracted by the EIF, iii) deposited by another EIF and iv) from the BCB.

IV. The EIF making the withdrawal may request the recount and verification of the MM in the presence of observers from the EIF or from the ETM that formed the bundle of banknotes. The presence or absence of observers from other entities shall not generate any liability for the BCB.

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CHAPTER III FUNDS IN CUSTODY OF MM AT THE EBP

Article 6. (Deposits of the EIF).-

The EIF may make deposits of MM in MN at the branches or agency of the EBP authorized for that purpose in accordance with the provisions of the External Circular of GGRAL.

Article 7. (Withdrawals by the EIF).-

The EIF may make withdrawals of MM in MN at the branches or agencies of the EBP authorized for that purpose, in accordance with the availability of resources of the EBP.

Article 8. (Management of Funds in Custody).-

The BCB may send or withdraw, when required, MM from the funds in custody at the EBP, in accordance with the provisions established in the Contract signed with said entity and the guides that form an indivisible part thereof.

The GTES shall be responsible for executing the operational management of sending and withdrawing remittances of MM in MN to the EBP, in accordance with its MM schedule.

CHAPTER IV COMMISSIONS

Article 9. (Commissions for Deposits and/or Withdrawals of MM in MN or USD).-

The deposits and withdrawals of MM in MN and/or USD made by the EIF at the BCB or in the funds in custody at the EBP shall be subject to a commission in accordance with the BCB Service Fee Schedule.

CHAPTER V OTHER OPERATIONS RELATED TO THE ADMINISTRATION OF MM

Article 10. (Deposits to Fiscal Accounts).-

The BCB will receive deposits in MN and USD for credit to the fiscal accounts authorized at the times and conditions established in the External Circular of GGRAL.

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Article 11. (Processing of Payment Orders and Manager's Checks).-

The Payment Orders and Manager's Checks issued by the BCB may be withdrawn by their beneficiaries, at the times and under the conditions defined by External Circular of GGRAL.

Article 12. (Sending and Receiving Remittances to the FED).-

I. The GTES of the BCB in coordination with the International Operations Management will process the sending and receiving of remittances in USD to the FED, with prior authorization from GGRAL.

II. Prior to the sending of remittances, the GTES, in the presence of the observers of the depositing EIF, will verify the amount of MM in USD corresponding to each EIF, complying with the characteristics established in the External Circular of GGRAL.

III. The BCB will proceed with the accounting regularization of the differences detected by the FED in the remittances sent, through charges or credits to the current account and reserve account or reserve account of the depositing EIF.

CHAPTER VI TRANSITORY PROVISION

First Transitory Provision. - The EIF may make deposits of valid banknotes of the denominations of Bs10, Bs20 and Bs50 of the current Series B, as established by External Circular of GGRAL.

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