Regulatory Alerts2013-01-08 | Resolución 007/2013Added · Updated
Resolution 007/2013 Approving the Foreign Exchange Operations Regulations
The Central Bank of Bolivia approves new Foreign Exchange Operations Regulations that establish a competitive allocation mechanism called the Bolsín for the sale of US dollars to financial entities and the general public. The regulations define the official selling and buying exchange rates, set a minimum transaction size of USD 100,000 for Bolsín participation, and cap the spread for supervised entities and exchange houses at one cent of a Boliviano relative to the BCB's official rates. Non-compliance by financial entities triggers escalating suspensions from BCB operations, ranging from 15 to 60 days depending on the number of violations.
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