Regulatory Alerts2012-04-10 | Resolución 042/2012Added · Updated
Resolution 042/2012
The Board of Directors of the Central Bank of Bolivia amends Article 16 of the Legal Reserve Regulation to permit the early redemption of foreign currency fixed deposits exempt from legal reserves, provided the sole purpose is conversion into national currency deposits. The resolution also mandates that financial institutions cancel and account for their own fixed deposit certificates upon acquisition and notify the Central Bank of such withdrawals within 48 hours. This modification enters into force on April 23, 2012.
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