Regulatory Alerts2008-03-25 | Resolución 038/2008Added · Updated
Resolution 038/2008: Approval of Long Position for Mutual and Cooperative Institutions
The Board of Directors of the Central Bank of Bolivia authorizes authorized Mutual and Cooperative Savings and Loan Institutions to maintain a long foreign exchange position up to 80% of applicable accounting equity from April 1 to August 31, 2008, reducing to 75% from September 1 to December 30, 2008, and to 70% from December 31, 2008. This resolution supersedes Resolution 154/2007 and mandates that these institutions fully comply with the Financial System Exchange Position Regulation starting December 31, 2008.
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