The Central Bank of Bolivia has brought into force changes to its rules for administering the country’s international reserves (RIN) through a board resolution that took effect on 25 March 2025. The update modifies and adds provisions to the Regulation for the Administration of International Reserves, including the central bank’s ability to invest reserves, place them in custody, dispose of and pledge them, and purchase foreign-exchange hedging instruments to reduce risks. The central bank placed the changes under Article 16 of Law No. 1670, which sets out its authority to manage and deploy international reserves for the fulfilment of its objectives and for their safekeeping and security, and noted that gold reserves are also subject to a specific law. Separately, under Law No. 1503 on the purchase of gold to strengthen international reserves, it will provide the Plurinational Legislative Assembly with four-monthly reports on operations conducted with gold reserves.
Central Bank of Bolivia 2025-04-03
Central Bank of Bolivia revises international reserves management rules and mandates four-monthly reporting on gold reserve operations
The Central Bank of Bolivia has revised its Regulation for the Administration of International Reserves, effective 25 March 2025, to enhance investment, management, and hedging capabilities. These changes are based on Article 16 of Law No. 1670, governing reserve management and security. Additionally, under Law No. 1503, the bank will report to the Plurinational Legislative Assembly every four months on gold reserve operations.