Regulatory Alerts2024-04-05 | CIEX N° 9/2024Added · Updated
Substitution of Collateral for Liquidity Loans in CPVIS II Fund (Foreign to National Currency) for Cash Withdrawal at BCB
Financial Intermediation Entities (FIEs) are authorized to request the substitution of collateral for liquidity loans currently held in the CPVIS II Fund. This substitution allows FIEs to change the collateral from Foreign Currency to National Currency, enabling the subsequent withdrawal of Foreign Currency in cash from the Central Bank of Bolivia (BCB). To initiate this process, FIEs must submit a formal request to the BCB's Financial Entities and Treasury Managements one business day prior to the desired operation date, following the provided template. This measure is implemented under the amendment to the Legal Reserve Requirement Regulation, approved by Board Resolution N° 041/2024 on March 26, 2024.
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