Regulatory Alerts2002-07-23 | Resolución 079/2002Added · Updated
Resolution 079/2002 Approving Modifications to the Legal Reserve Regulation
The Board of Directors of the Central Bank of Bolivia temporarily modifies the Legal Reserve Regulation until October 27, 2002, to allow non-bank financial entities with public obligations exceeding $80 million to access liquidity credits. These entities may now use up to 30% of the third tranche of the Liquidity Asset Requirement Fund (Fondo RAL) as collateral for loans up to 14 days, renewable upon redemption of fixed deposits. Additionally, the regulation extends the term for loans guaranteed by the second tranche of the Fondo RAL to 14 days renewable for all entities and permits non-bank entities meeting the threshold to open a combined current and reserve account at the Central Bank.
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