Regulatory Alerts2000-02-01 | Resolución 006/2000Added · Updated
Resolution 006/2000 Approving Modifications to the Legal Reserve Regulation for Financial System Institutions
The Board of Directors of the Central Bank of Bolivia amends Articles 23 and 29 of the Legal Reserve Regulation to clarify cash-to-securities reserve transfers and prevent excesses in the RAL Fund. The resolution restricts financial institutions from making withdrawals or deposits that would result in deficiencies or excesses in legal reserve securities, allowing such transactions only to cover shortfalls or utilize surpluses. Additionally, the threshold for the Central Bank to use its own resources to cover overdrafts and free availability requirements is reduced from 10% to 7.5% of the constituted RAL Fund. These modifications enter into force on February 7, 2000.
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