The Central Bank of Bolivia (BCB) has brought into effect a set of measures intended to make it easier for the public to save in Unidades de Fomento a la Vivienda (UFV) through the financial system, with the stated aim of helping savers preserve the purchasing power of their funds. The package includes making redeemable UFV-denominated bills available, across different maturities, to financial intermediation entities that participate in open market operations, providing a central bank-backed investment option that can support an expanded supply of UFV savings products. The BCB also instructed the payments system to enable direct electronic transfers between UFV accounts, and it will run training workshops and outreach activities with the Financial System Supervision Authority (ASFI) under its Economic and Financial Education Plan to promote understanding of UFV savings. The measures apply from 28 May 2025.
Central Bank of Bolivia2025-05-28
Central Bank of Bolivia implements policies to expand UFV-denominated savings via redeemable UFV bills and UFV account transfers
The Central Bank of Bolivia has implemented measures to facilitate public savings in Unidades de Fomento a la Vivienda (UFV) to help preserve purchasing power. These include offering redeemable UFV-denominated bills to financial entities and enabling direct electronic transfers between UFV accounts. Additionally, the bank will conduct training and outreach with the Financial System Supervision Authority to promote UFV savings understanding.