SGDB No. 010/2014: Consolidated Circular on Sending US Dollars to the Federal Reserve

EXTERNAL CIRCULAR OF THE CENTRAL BANK OF BOLIVIA La Paz, April 4, 2014 SGDB No. 010/2014

FROM: GENERAL MANAGEMENT
INTERNATIONAL OPERATIONS DEPARTMENT
TO: FINANCIAL ENTITIES
SUBJECT: SENDING US DOLLARS TO THE FEDERAL RESERVE – CONSOLIDATED CIRCULAR

Ladies and Gentlemen:

Effective immediately, cash deposits of United States dollars (USD) made by financial entities at the Central Bank of Bolivia (BCB) must comply with the following characteristics in accordance with the standards established by the Federal Reserve of the United States:

For banknotes

• All banknotes must present the portrait side facing forward
• The orientation of the portrait must be the same
• Banknotes must be presented flat
• Edges and corners must be aligned
• Mutilated banknotes are not accepted. A banknote is considered mutilated if the damage is greater than 50% of the note, if less than 50% of the note remains, or if its condition is such that the value of the note is questionable and requires special expert examination.

For bands

• Each band must contain 100 banknotes of the same denomination
• Bands must be printed on white paper with colored borders to identify the denomination and the amount in dollars.
• The financial entity's acronym must be printed on one side and the ends of the band
• The place and date of package formation must be located on each band in a place visible through the shrink wrap (heat-sealed)
• The teller's stamp must be located in the center of the band
• The ink for the acronyms and stamps must be black
• Bands must not contain staples, clips, or adhesive tape.
• Each band must be joined on the reverse side of the portrait

For packages

• Each package must contain 1,000 banknotes of the same denomination packed in 10 bands (100 banknotes per band)
• Packages must not contain clips, staples, or adhesive tape
• Packages must be heat-sealed showing the financial entity's logo on the band

Before sending USD in cash to the Federal Reserve Bank of the United States, the Treasury Sub-Management of the Central Bank of Bolivia, together with a representative of each financial entity, will proceed as follows:

For packages:

• The shrink wrap will be removed from each of the packages containing 10 bundles, totaling 1,000 banknotes
• Compliance with the provisions on the arrangement of banknotes and bands will be verified
• Packages will be secured with two elastic bands located on the sides of each package.

Subsequently, with the participation of a representative of the BCB's value transport company, the following procedure will be carried out for bagging:

• 16 packages of the same denomination will be introduced into a transparent self-sealing security bag, which will be sealed immediately
• Packages of the same denomination that do not complete the 16 packages will be bagged using the same procedure.

Any inquiries should be directed to the Treasury Sub-Management of the BCB (Phone 2409090 extension 1903).

External Circular of the Central Bank of Bolivia SGDB No. 008/2011 of February 10, 2011, is hereby repealed.

Sincerely,

JLB/