Regulatory Alerts1997-10-28 | Resolución 161/97Added · Updated
Resolution 161/97 Authorizing Monetization of Series E Banknotes
The Board of Directors of the Central Bank of Bolivia authorizes the monetization of Series E banknotes in denominations of 200, 100, 50, 20, 10, and 5 Bolivianos. The resolution specifies the total monetary value and the number of pieces for each denomination, with serial number ranges provided. Juan Medinacelli is designated to represent the Board at the monetization ceremony, and the Presidency and General Management are tasked with executing the resolution.
BOARD RESOLUTION NO. 161/97 SUBJECT: CURRENCY AND CREDIT - AUTHORIZES MONETIZATION OF SERIES "E" BANKNOTES.
HAVING REVIEWED: Law 1670 of October 31, 1995. Law 901 of November 28, 1986, which creates the "Boliviano" as the legal and mandatory unit of currency. Report No. 032/97 from the Currency and Credit Management dated October 21, 1997. Legal Advisory Report ALEG No. 171/97 dated October 22, 1997.
CONSIDERING: That according to Article 10 of Law 1670, the Central Bank of Bolivia (BCB) exercises exclusively and non-delegably the function of issuing the monetary unit of Bolivia, which is the "Boliviano," in the form of banknotes and metallic coins. That the BCB has received from the company Francois Charles Oberthur the entirety of the Series "E" banknotes. That it is the attribution of the Board of Directors, according to Article 54, subsection m) of Law 1670, to authorize and supervise the issuance of banknotes.
Therefore, THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BOLIVIA RESOLVES:
//2. R.D. No. 161/97 Article 1.- Authorize the monetization of Series "E" banknotes in denominations of Bs200, 100, 50, 20, 10, and 5, according to the following detail:
DENOMINATION | TOTAL AMOUNT | NUMBER OF PIECES | SERIAL NUMBER RANGE 200 | 600,000,000.- | 3,000,000 | 00000001E to 03000000E 100 | 600,000,000.- | 6,000,000 | 00000001E to 06000000E 50 | 700,000,000.- | 14,000,000 | 00000001E to 14000000E 20 | 260,000,000.- | 13,000,000 | 00000001E to 13000000E 10 | 230,000,000.- | 23,000,000 | 00000001E to 23000000E 5 | 135,000,000.- | 27,000,000 | 00000001E to 27000000E
Article 2.- Designate Lic. Juan Medinacelli to participate on behalf of the Board of Directors in the act of monetization of the aforementioned material. Article 3.- The Presidency and General Management are charged with executing this Resolution.
28.X.97
Juan Antonio Morales A.
Armando Pinell S. Jaime Ponce G.
Juan Medinacelli V. Fernando Campero P.
____________________ Juan Pablo Zegarra A.
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