Regulatory Alerts1998-09-15 | Resolución 089/98Added · Updated
Resolution 089/98
The Board of Directors of the Central Bank of Bolivia authorizes the partial subrogation of fixed-term deposits held at BIDESA that were established after October 31, 1997. This authorization permits cash payments up to US$5,000 and the issuance of Certificates of Deposit (CDDs) for larger amounts, strictly limited to depositors whose accounts have been reviewed and classified as "without observation" by the Liquidator of BIDESA. The Liquidator is responsible for certifying the legitimacy of these deposits, and the Superintendence of Banks and Financial Entities retains the authority to initiate legal recovery actions if subsequent observations arise regarding the validity of the returned funds.
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