Regulatory Alerts2005-05-10 | Resolucion 070/2005Added · Updated
Resolution 070/2005
The Board of Directors of the Central Bank of Bolivia amends Articles 15, 18, and 17 of the regulations governing Open Market Operations, Fiscal Policy Securities Operations, and Monetary Regulation Operations. The amendments prohibit the use of foreign currency cash for the 2% fund provision required for auction participation, mandating electronic transfer or checks for foreign currency and allowing electronic transfer, checks, or national currency cash deposits for domestic currency. These changes take effect immediately upon approval to eliminate the risk of receiving counterfeit foreign currency at the Central Bank's Treasury.
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