Regulatory Alerts2002-07-02 | Resolución 074/2002Added · Updated
Resolution 074/2002
The Central Bank of Bolivia temporarily modifies its Legal Reserve Regulation by splitting foreign currency and MVDOL reserve requirements into an internal fund (up to 70% invested in Central Bank CDs) and an external fund. The resolution extends credit terms guaranteed by legal reserve resources, allowing renewals of up to 28 days for the first tranche and up to 14 continuous or 20 discontinuous days for the second tranche. These temporary measures are effective from July 9, 2002, until October 27, 2002.
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