Ley N° 632 of 20 July 1928 (creation of the Banco Central de la Nación Boliviana); current law Ley N° 1670 del Banco Central de Bolivia, promulgated 31 October 1995
The country's central bank, created by Law 632 of 20 July 1928 and operating from 1 July 1929, according to the history page on its site. Under Law 1670 it is the sole monetary and exchange authority, and its stated objective is to seek stability in the domestic purchasing power of the national currency (Art. 2).
What they do
Formulates monetary, exchange and payment-system policy and manages the international reserves. The 1995 text of Law 1670 leaves supervision of banks and enforcement of reserve requirements to the banking supervisor (then the Superintendencia de Bancos y Entidades Financieras, now ASFI). Its website also carries payment-system regulation and oversight reports.
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