Resolution 101/2006

BOARD RESOLUTION NO. 101/2006
SUBJECT: MONETARY OPERATIONS MANAGEMENT – APPROVES CONDITIONS FOR THE SALE OF GOLD AND SILVER COINS AND MEDALS.

HAVING SEEN:
Central Bank of Bolivia Law No. 1670 of October 31, 1995.
The BCB Statute, approved by Board Resolution No. 128/2005 of October 21, 2005.
Board Resolution No. 144/2003 of December 16, 2003.
Board Resolution No. 148/2005 of November 22, 2005.
Monetary Operations Management Report STES No. 091/2006 of November 10, 2006.
Legal Affairs Management Report SANO No. 241/2006 of November 14, 2006.

CONSIDERING:
That through Board Resolution No. 148/2005, the Board approved the selling prices of silver commemorative coins and medals and established the conditions for the sale of gold commemorative coins and medals, maintaining the conditions determined in Resolution No. 144/2003 which approves prices for the sale of silver coins and medals and authorizes setting daily selling prices for gold commemorative coins and medals, according to the formula: Price in Bs = Weight of the coin x gold quotation x buying exchange rate x 1.30.

That the Monetary Operations Management in its report STES No. 091/2006 recommends maintaining the conditions for setting prices in national currency for gold coins and in the case of silver commemorative coins and medals maintaining fixed prices with the exception of the sesquicentenario coins to which it recommends the application of the price-setting conditions of gold coins.

That according to the report of Legal Affairs Management SANO No. 241/2006 the draft Board Resolution for the determination of conditions for the sale of gold and silver coins falls within what is established in the current legal provisions, corresponding to the BCB Board to consider its approval.

THEREFORE,
THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BOLIVIA RESOLVES:

Article 1.- Maintain the conditions for the sale of gold commemorative coins and medals, established in Board Resolution No. 144/2003 of December 16, 2003.

Article 2.- Maintain the selling prices of silver commemorative coins and medals with the exception of the sesquicentenario coins, to which the same price-setting conditions of gold coins must be applied, but for silver.

Article 3.- This provision shall enter into force as of January 2, 2007.

Article 4.- From the effective date of this resolution, Article 1 of Board Resolution No. 148/2005 of November 22, 2005 is hereby repealed.

Article 5.- The Presidency and General Management are charged with the execution and compliance of this Resolution.

La Paz, November 14, 2006

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Raúl Garrón Claure

______________________________ __________________________ Enrique Ackermann Arguedas Hugo Dorado Aranibar

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Jorge Casso Echart Gustavo Blacutt Alcalá