Regulatory Alerts1998-07-24 | Resolución 074/98Added · Updated
Resolution 074/98 Approving New Open Market Operations Regulation
The Board of Directors of the Central Bank of Bolivia approves a new Regulation on Open Market Operations (OMA), replacing Resolution 102/97, with an effective date of September 14, 1998. The regulation establishes the legal framework, objectives, and operational procedures for OMA, including public auctions and the money desk, while defining the roles of the Open Market Operations Committee (COMA), the Currency and Credit Management, and internal audit. It sets specific participation requirements for financial entities and public institutions, caps individual subscription amounts at US$1,000,000 for foreign currency and Bs.1,000,000 for national currency in adhesion proposals, and mandates quarterly reporting on OMA performance and compliance.
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