Regulatory Alerts2012-12-24 | SGDB N° 057/2012Added · Updated
SGDB No. 057/2012: Submission of Requests to the Bolsin
The Central Bank of Bolivia establishes procedures for financial entities and the general public to submit requests to participate in daily Bolsin sessions for the sale of US dollars. Requests must be submitted by 15:00 daily, with specific submission channels defined based on access to the Foreign Exchange Operations System (SIOC) and the entity's location. Public participants must have funds confirmed by their financial institution by 16:00, with debits processed by 18:00 and USD credits applied the next business day. Financial entities lacking sufficient national currency funds by the deadline face rejection and a five-business-day suspension from Bolsin participation.
Topics
fx
payments
Share