Regulatory Alerts1998-06-30 | Resolución 064/98Added · Updated
Resolution 064/98: Approval of Modifications and Additions to the Foreign Exchange Position Regulations of the Financial System
The Central Bank of Bolivia amends the Foreign Exchange Position Regulations to allow financial entities with a capital adequacy coefficient above 50% to maintain an overbought foreign currency position up to 100% of their net book equity, while imposing stricter suspension of Central Bank operations for entities exceeding limits for more than two consecutive days or more than 30 days. Entities with a "Realizable Assets" balance of 10% or less of equity as of April 30, 1998, are granted a one-year compliance period, and all financial institutions are granted a one-time exemption from pending sanctions for violations occurring between October 1, 1997, and the effective date. These modifications enter into force on August 1, 1998.
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