SGDB N° 026/2017

BCB-DGD-VUC

BANCO CENTRAL DE BOLIVIA
ESTADO PLURINACIONAL DE BOLIVIA

EXTERNAL CIRCULAR

La Paz, May 15, 2017
SGDB No. 026/2017

FROM: GENERAL MANAGEMENT
MONETARY OPERATIONS MANAGEMENT
TO: FINANCIAL INTERMEDIATION ENTITIES THAT ISSUE FIXED-TERM DEPOSITS SUBJECT: BANCO CENTRAL DE BOLIVIA IMPLEMENTS MECHANISM FOR EXCHANGE OF FIXED-TERM DEPOSITS FOR DIRECT SALES SECURITIES

Ladies and Gentlemen:

The Central Bank of Bolivia (BCB) notifies Financial Intermediation Entities that issue Fixed-Term Deposits (DPF) that, in compliance with Board Resolution No. 042/2017 which approves the "Regulation for the Exchange of DPF for Direct Sales Securities," starting May 22 of this year, it will make available to the public the "BCB Bolivianización" bond, which can be acquired through an exchange mechanism whereby natural persons who hold Fixed-Term Deposits in United States Dollars in the financial system can voluntarily transfer their deposits to the BCB, receiving in exchange the "BCB Bolivianización" bond.

Only DPF with the following characteristics will be accepted:

• Represented by book entries
• Issued in United States Dollars to natural persons
• Issued by financial entities with a license granted by the Financial System Supervision Authority with the most recent risk rating of AAA, AA, A, or BBB.
• Opened on a date prior to March 21, 2017. Fractionated DPF opened after this date will be accepted when the opening date of the original security is prior to March 21, 2017.

In this framework, Financial Intermediation Entities that issue DPF with the aforementioned characteristics are requested to accept and execute transfer requests for DPF to the MASTER ACCOUNT OF THE BANCO CENTRAL DE BOLIVIA (BCB).

Ayacucho Street corner Mercado · Telephone: (591-2) 2409090 · Fax: (591-2) 2661590 www.bcb.gob.bo · bancocentraldebolivia@bcb.gob.bo · La Paz Bolivia

BANCO CENTRAL DE BOLIVIA
ESTADO PLURINACIONAL DE BOLIVIA

No. 600, through the system of Bolivia Securities Depository S.A., through which they regularly carry out DPF transfer operations.

For any inquiries, please contact the Acting Submanager of Open Market Operations, Lic. Tatiana Alcázar Bustillos at telephone 2661950 or at the email address talcazar@bcb.gob.bo.

Sincerely,

[Signature]
ABEL P. SANJINES ALVAREZ
MONETARY OPERATIONS MANAGER
BANCO CENTRAL DE BOLIVIA

[Signature]
CARLOS A. COLODRO LÓPEZ
GENERAL MANAGER a.i.
BANCO CENTRAL DE BOLIVIA

CCL/ASA/TAB/mavg

Ayacucho Street corner Mercado · Telephone: (591-2) 2409090 · Fax: (591-2) 2661590 www.bcb.gob.bo · bancocentraldebolivia@bcb.gob.bo · La Paz Bolivia