Regulatory Alerts2010-11-23 | Resolución 130/2010Added · Updated
Resolution 130/2010
The Board of Directors of the Central Bank of Bolivia amends the Legal Reserve Regulation to increase the legal reserve rate on foreign currency liabilities (ME and MVDOL) from 2% to 3.5% for cash reserves, while maintaining the 12% rate for securities. Additionally, the additional reserve rate on foreign currency is raised from 30% to 45% of the Additional Reserve Base. These changes become effective for banking entities on December 13, 2010, and for non-banking entities on March 7, 2011, following a three-month adaptation period.
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