Regulatory Alerts2013-03-09 | SGDB N° 009/2013Added · Updated
SGDB No. 009/2013: Procedure for the Purchase of Gold from State Mining Enterprises for International Reserves
The Central Bank of Bolivia establishes the detailed procedure for the purchase of gold bars from State Mining Enterprises (EMIES) for international reserves, requiring EMIES to submit weekly sales requests by Friday at 15:00 with specific shipment and personnel details. The process mandates secure delivery, permanent filming, purity sampling (three samples per bar), and weighing, with final payment contingent on the issuance of a final settlement act based on contracted laboratory analysis. A maximum acceptable error margin of 0.5% is set for purity analysis, with dispute resolution procedures involving independent international laboratories and cost allocation based on result accuracy. This circular supersedes External Circular SGDB No. 017/2012.