Bolivia places new restrictions on FX movements

Banco Central de Bolivia
Central Bank of Bolivia, La Paz
Rachael King

The Bolivian government imposed new rules on the import and export of foreign exchange in a decree issued on April 21, as the country looks to improve its record on money laundering.

The regulation forbids bringing in or taking out more than $20,000 in foreign currency except via regulated financial institutions.

The decree requires anyone “physically” bringing in or taking out between $10,000 and $20,000 in currency to file an application form with the Central Bank of Bolivia (BCB). This form

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