Regulatory Alerts1997-11-25 | Resolución 165/97Added · Updated
Resolution 165/97 Approving Internal Regulations for ALADI Payment and Credit Reciprocity Convention Operations
The Central Bank of Bolivia approves a new Internal Regulation for channeling operations through the ALADI Payment and Credit Reciprocity Convention, replacing Resolutions 159/95 and 034/96. The regulation establishes eligibility criteria, prohibited operations, and reporting deadlines for Authorized Institutions, while imposing specific debit penalties for non-compliance, such as fines of $100 for uncancelled payment orders and $50 per day for delayed information submission. Authorized Institutions are subject to a maximum debt limit of 70% of their net worth and instrument maturities capped at five years, with the new rules entering into force on January 2, 1998.