Regulatory Alerts2012-04-12 | SGDB N° 013/2012Added · Updated
SGDB N° 013/2012
The Central Bank of Bolivia amends Article 16 of the Legal Reserve Regulation to prohibit the early redemption of fixed-term deposits that hold any legal reserve exemption, with a specific exception allowing foreign currency deposits to be redeemed solely for conversion into national currency deposits. Financial entities acquiring their own fixed-term deposit certificates must cancel and remove them from their accounts, notifying the Central Bank within 48 hours of the transaction. This modification enters into force on April 23, 2012.
Topics
monetary
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