Regulatory Alerts2001-11-13 | Resolución 113/2001Added · Updated
Resolution 113/2001
The Central Bank of Bolivia amends Articles 3, 8, 11, 15, 20, 22, 24, and 28 of the Legal Reserve Regulation to streamline reserve requirements and account structures for financial institutions. The changes replace the term 'currency' with 'denomination' for reserves, remove 'transfer' from the name of non-bank financial entity transfer accounts, and mandate that all banks participating in the RAL Fund maintain transfer accounts for non-bank entities. Additionally, the Bank sets the annual commission for these services and updates references to Article 21 regarding title-based reserves and liquidity loan recargos, with modifications effective December 1, 2001.
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