Regulatory Alerts1997-06-03 | Resolución 114/97Added · Updated
Resolution 114/97 Determining Operating Accounts for Financial System Entities
Resolution 114/97 establishes that the minimum legal reserve for financial system entities is calculated based on the sum of balances in current and reserve accounts held at the Central Bank of Bolivia, categorized by currency. It mandates that foreign exchange purchases, public debt acquisitions, and other operations be settled via debit to current accounts, with fallback procedures for entities lacking such accounts. The resolution introduces a Bs300 operational fee for specific transfers and invalidates several prior articles from previous Board Resolutions, taking effect on July 1, 1997.
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