RegAlert2012-02-07 | 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.
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BOARD RESOLUTION NO. 015/2012
SUBJECT: BOARD - APPEAL FOR REVOCATION AGAINST BOARD RESOLUTION NO. 164/2011, OF DECEMBER 20, 2011, WHICH MODIFIES THE REGULATIONS FOR OPERATIONS OF ACCOUNTS IN BOLIVIANOS WITH VALUE MAINTENANCE WITH RESPECT TO THE UFV
VIEWED:
The Political Constitution of the State, approved by Referendum on January 25, 2009, and promulgated on February 7, 2009.
Law No. 1670, of October 31, 1995, of the Central Bank of Bolivia (BCB).
Law No. 2434, of December 21, 2002, on Update and Value Maintenance.
Law No. 211, of December 23, 2011, on the General State Budget – Management 2012 (PGE-2012).
Supreme Decree No. 26878, of December 21, 2002.
Board Resolution No. 017/2003, of February 6, 2003, which approves the Regulations for Operations of Accounts in Bolivianos with Value Maintenance with respect to the Housing Development Unit (UFV).
Board Resolution No. 145/2011, of November 8, 2011, which approves the modification of Article 3 of the Regulations for Operations of Accounts in Bolivianos with Value Maintenance with respect to the UFV.
Board Resolution No. 162/2011, of December 13, 2011, which resolves to partially revoke Board Resolution No. 145/2011, of November 8, 2011.
Board Resolution No. 164/2011, of December 20, 2011, which approves the modification of the Regulations for Operations of Accounts in Bolivianos with Value Maintenance with respect to the UFV.
The note from the International Operations Management BCB-GOI-CE-2011-35 of December 22, 2011.
The Revocation Appeal against Board Resolution No. 164/2011, of December 20, 2011, filed by the Minister of Economy and Public Finance on behalf of the General Treasury of the Nation (TGN).
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Lineage: In force
Timeline
This document amends: Resolution 164/2011
Source: Banco Central de Bolivia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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