Regulatory Alerts2012-02-07 | Resolución 015/2012Added · Updated
Resolution 015/2012
The Board of Directors of the Central Bank of Bolivia denies the revocation appeal filed by the Ministry of Economy and Public Finance against Resolution 164/2011. This denial upholds the amendment to the regulations for Bolivian accounts with value maintenance relative to the UFV, specifically Article 10 and the new Article 12. These provisions authorize the Central Bank to terminate value maintenance on Treasury General Account (TGN) accounts via express resolution, requiring the TGN to either assume the maintenance costs through daily debit authorization or have the resources placed in a payable Bolivian account. The decision confirms the Central Bank's authority to manage these accounts without prior executive coordination to prevent operational losses and protect institutional equity.