Regulatory Alerts2002-01-22 | Resolución 012/2002Added · Updated
Resolution 012/2002 Approving Modifications to the Legal Reserve Regulation
The Central Bank of Bolivia amends the Legal Reserve Regulation to introduce a new national currency denomination with value maintenance relative to the Housing Development Unit (MNUFV/UFV), creating a corresponding RAL-MNUFV fund. The resolution updates reserve requirements, reporting obligations, and account structures for financial entities to include this new denomination alongside national currency, foreign currency, and MVDOL. It also modifies definitions for legal reserve funds, trustees, and compensation mechanisms, and eliminates Article 34 of the regulation. These changes take effect on February 15, 2002.
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