Regulatory Alerts2011-12-20 | Resolución 164/2011Added · Updated
Resolution 164/2011
The Central Bank of Bolivia modifies Article 10 of the Regulation for Operations of Bolivian Accounts with Value Maintenance relative to the UFV to allow account closure under the framework of the new Article 12. It introduces Article 12, authorizing the Board to terminate UFV value maintenance for specific accounts via express resolution, with exceptions for Diálogo 2000 and the Municipal Solidarity Fund for School Education and Public Health. The General Treasury of the Nation may choose to assume this maintenance by authorizing daily debits; otherwise, funds are transferred to a payable Bolivian account upon the effective date.
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