Regulatory Alerts1997-10-14 | Resolución 156/97Added · Updated
Resolution 156/97 Approving Investment of International Gold Reserves
The Board of Directors of the Central Bank of Bolivia authorizes the investment of physical gold reserves currently held in the central vault into time deposits with a maximum term of four months. The Reserve Administration Committee must execute this investment through a schedule of up to 15 deposits, each limited to 2.5 tons, starting November 10, 1997, ensuring that at least 50% of the gold remains in the vault as London Good Delivery Bars. This resolution repeals Article 1 of Resolution 150/97, which previously capped external gold investments at 5% of total reserves, and mandates monthly reporting on the investment schedule and returns.
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