Regulatory Alerts2006-12-05 | Resolución 118/2006Added · Updated
Resolution 118/2006
The Board of Directors of the Central Bank of Bolivia amends Article 2 of the Legal Reserve Regulation to redefine the Additional Reserve Base (BEA) by introducing a phased reduction in the percentage applied to foreign currency deposits. Specifically, the percentage applied to the difference between foreign currency deposits and 80% of the base date amount is reduced from 80% to 70% between January 15, 2007, and July 1, 2007, and further to 60% starting July 2, 2007. This modification applies to Financial Intermediation Entities and enters into force on January 14, 2007.
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