Regulatory Alerts2008-12-09 | Resolución 143/2008Added · Updated
Resolution 143/2008
The Board of Directors of the Central Bank of Bolivia amends Articles 2, 9, and 10 of the Legal Reserve Regulation to simplify the calculation of additional legal reserves on foreign currency deposits. The modification establishes a fixed reserve rate of 30% applied to the Additional Reserve Base and sets the base date for calculations to September 30, 2008. These changes replace previous variable rate schedules and complex deduction mechanisms with a straightforward average daily balance calculation. The amendments enter into force on January 26, 2009, and apply to authorized financial intermediation entities.
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