Regulatory Alerts1999-06-22 | Resolución 054/99Added · Updated
Resolution 054/99 Approving New Limits for Gold Reserves Investment Abroad
The Board of Directors of the Central Bank of Bolivia authorizes an increase in the percentage of gold reserves invested abroad, rising from 50% to 60% in July, 67.5% in August, and 75% starting in September 1999. The resolution approves the investment of up to 7.8 tons of gold in term deposits, to be executed through three monthly deposits of up to 2.7 tons each by September 30, 1999. This action effectively repeals Article 2(a) of Resolution 156/97, which previously capped external investment at 50%.
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