Bolivia places new restrictions on FX movements

Banco Central de Bolivia
Central Bank of Bolivia, La Paz
Photo: 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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