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The authority granted to the Markets Commission for approving new emissions or increase the balances of those already existing is maintained, for which reason provision i of Article 4 of the General Policies for the Administration of Liabilities is amended. Legal Framework Board of Director Agreements. Markets Commission. Amendment to Article 4, provision k, and Article 25, provision c, of the General Policies for the Administration of Liabilities and amendment to provision e of Article 6, Responsibilities of the Division for the Administration of Assets and Liabilities of the General Policies for the Administration of Liabilities. Reduction of the Monetary Policy Rate by 25 base points to establish it at 4. Request the SUGEVAL to reduce the authorized amount of emissions to the amount effectively loaned as of June 19th, of the different series of bonds, and unsubscribe several additional series from the National Securities and Intermediaries Registry. The rates for the Minimum Reserve Requirement in national currency are modified. Change to the minimum operating capital for private commercial banking. Record Designation of Mr. Increase in the monetary policy rate of 25 base points, to reach 5. The proposal to amend Articles 3 and 22 of the ROCC Regulations for Cash Foreign Exchange Operations submitted for consultation through Article 5 of the minutes of session of May 7, , expired; at the same time, the Bank Administration was instructed to prepare a proposal to improve the flows of information to the public, to be discussed in the next session, which informs decision making by economic agents and contributes to improve the price formation process. The new version of the Payment System Regulations is approved. Internal designation of Mr. Pablo Villalobos G. The annual Monetary Policy Rate was set at 5. Negative opinion on the Law to amend Articles 14 and 16, and incorporation of an Article 27 to Law Regulations for Financial Intermediation Activities of Cooperatives. Ley , Expediente Expediente Lo anterior a partir del 19 de mayo del Nombrar a la Sra. Se deroga el art. Articles 17 provision d , 23 and 98 of the Autonomous Services Regulations were amended, and a new Article 17 bis was introduced. Regulations against sexual harassment in the BCCR are approved. Criterio favorable sobre el texto sustitutivo del proyecto Ley para mejorar la lucha contra el fraude fiscal, Expediente Change of minimum capital for operations of private commercial banking, as well as for non-banking financial companies. Provision related to economic issues issued during the first semester of No final decision is issued on the project Approval of the framework agreement for cooperation between the Republic of Costa Rica and Palestine, File No final decision is issued on the project Accountability of the Governing Board during commemorations of special events in the different provinces of the country, File Change of General Policies for the Administration of Liabilities. Public consultation on the proposal to reform Title VI liquidity reserve provisions of the Monetary Policy Regulations. The Monetary Policy Rate is set at 3. No final decision is issued on the Bill for Dual Education, File No final decision is issued on the Bill to Reform Article 1 of Law - Protection of citizens residing in zones classified as special, File No opinion is issued on the Bill to promote sale of services, tradable goods, and leasing of properties by community development associations to Public Administration through reforms to various laws, File No final decision is issued on the Bill for investigation, regulation and control of Cannabis and Hemp cannabis sativa L. Negative opinion on the bill to Reform and adopt the Organic Law of the Judicial Branch, to guarantee financing of specialized sections of job and alimony-related matters in the Public Defender's Office of the Judiciary, File Negative final decision on the Bill for public investments, File An opinion is not issued on the project for adding a final paragraph to Art. File Methodologies to calculate the financial intermediaries' weighted offered rate and the effective rate in dollars were approved, as were reforms to Monetary Policy Regulations, and related agreements. The monetary policy rate was set at 2. Both provisions entered into effect on October 21, Starting on May 21, , the Monetary Policy Rate is set at 3. The Monetary Policy Rate was set at 3. Both of these provisions are in effect as of June 20, The Monetary Policy Rate is set at 4. Methodology to set the deposit and financial investment rates of State-owned public institutions. A new version of the Payment System Rules and Regulations was approved. Modification of General Policies for Administration of Liabilities and related agreements. Favorable opinion for Coopeservidores, R. Change of minimal operating capital for private commercial banks in Change of the minimum operating capital for private commercial banks Reform to Art. Public consultation about the proposal for an integral modification of the Regulations of the Payment System. Negative final decision on approval of the Bill to strengthen the electricity sector, Legislative File Amendment to Articles 2, 3, 5 and 18 of the Regulations for foreign exchange operations in cash, and amendment to Article 15 of the Regulations for operations with exchange rate derivatives. The Review of the Macroeconomic Program was approved. Favorable opinion for Coopeservidores to contract a credit with the Banco Internacional de Costa Rica. No opinion is issued on the Bill for Derogation of defunct or historically obsolete laws for refining the legal system, File It was decided to not issue an opinion on the Bill for control of populations of insect vectors of disease, File It was decided to not issue an opinion on the Bill for community coastal and insular territories, File The policies for International Reserve Management were approved, and related agreements were reached. Negative opinion on the 'Bill for including the contribution of non-remunerated work of reproduction and care of children, Starting on February 2, a managed floating exchange rate regime was established, and several related agreements were reached. It was decided to carry out public consultation about an agreement proposal to modify the Monetary Policy Regulations. Appointment of MSc. Article 6 of agreement of session is modified so that RECOPE may end with a balance of credit lines to finance oil bill payment. Submit to public consultation a bill for a substantive agreement for a proposal to calculate an effective interest rate in dollars. Set the gross interest rate for overnight deposits in Central Directo and the fund deposit service CAF at 2. Several agreements were reached related to the powers of the Markets Commission. The minimum capital of commercial private banks was changed, and related agreements were reached. A favorable opinion was issued so that Coocique, R. Designation of Luis Carlos Delgado M. Unfavorable opinion on the Bill for protecting the rights of users of credit and debit cards, File The decision issued in meeting , Article 12, of September 4, was maintained, in the sense that a decision will not be issued on the alternative text of the bill against workplace harassment in the public and private sectors. It was decided to not issue an opinion on the bill for Adding a 3bis Article to the Organic Law of the Association of Professionals in Informatics and Computing, and its reforms. Gross interest rates for overnight deposits must be set in the Central Directo and in the fund deposit service CAF at 3. Interest rates must be set in the monetary policy at 5. Interest rates must be set in the monetary policy at 4. An opinion was not issued on the Bill for donation of real estate. Approval of fourteen new series of Monetary Stabilization Bonds. Amend Art. Number 4, Article 10 of the minutes of session , regarding Foreign Currency Operations of the Non-banking Public Sector, is modified. The Methodology for attracting resources from large-amount transactions made by public entities of the State was approved. Authorization to operate in the exchange market is revoked for Casa de Cambio Soluciones Monetarias, S. Congress report - use of temporary power to set limits to credit. Decision to not issue an opinion on Bill Addition to Article 44 bis and transitory provision for the Law on the Integral Waste Management. Decision to not issue an opinion on the Bill for Urgent Amendments to strengthen Law - Equal Opportunities for the disabled. Decision to not issue an opinion on the Bill for Regulating de Facto Unions between persons of the same sex. The Markets Committe is authorized to set forth the effective and closing dates of the investment opportunity agreed upon in meeting , Article 11 of January 23, ; Article 24 of the Liability Management General Policies was amended over-the-counter placement of term electronic deposits. Decision to not issue an opinion on the Bill for a partial reform and addition to the Law against corruption and unlawful enrichment in public office. Law Decision to not issue an opinion on the Bill against workplace harassment. Provision issued during the second semester of on economic matters. It was decided to issue an unfavorable opinion on the Bill for the Creation of the National Pedagogic University. Modification of the monetary policy rate and the rate for overnight deposits DON. Additon to the provision set forth in meeting , Article 5 of January 30, , so that legal entities engaged in financial intermediation may create overnight deposits DON and electronic term deposits DEP. Reiterates the favorable opinion on the Bill for discouraging foreign capital inflow. It was decided to not issue an opinion on the Bill for promoting citizen participation in the control of State activities. Reaffirm the favorable opinion on the Bill for discouraging inflow of foreign capitals. It was decided to not issue an opinion on the Bill for creating institutional commissions on accessibility and discapacity. Changes to provisions regarding requirements to request previous authorization for the BCCR for public institutions to use short-term indebtedness schemes, to exclude letters of credit. RECOPE is authorized to procure financing through letters of credit, performance bonds, and bank guarantees. The Monetary Policy Interest Rate was set at 3. Negative opinion on the Bill for Creating the sector of water services, strengthening and modernization of AyA. Unfavorable opinion on the Bill for amending several articles of Law Creation of the Administrative Board of the National Printing House and its amendments. Unfavorable opinion on the Bill for making integration of the BCCR governing more transparent, competitive and peer-oriented. No opinion was issued on the Bill for Annulment of outdated or historically obsolete laws to refine the existing legal system Part 1. No opinion was issued on the Bill for Community Coastal Territories. However, an unfavorable opinion is issued regarding some terms in its content. An opinion is not issued on the Bill for the Framework Law for the declaration of coastline cities and its regime for using and exploiting the coast. Unfavorable opinion on the Bill for solidary universal pensions for the elderly. Permission for legal entities engaged in financial intermediation to create electronic overnight deposits or over day term deposits, and 2. Article 24 of the Liability Management General Policies is amended. The Administration is authorized to offer individualized debt in colones in Term Certificates of Deposit. Unfavorable opinion on the Bill for guaranteeing application of temporary measures to protect employment during a time of crisis. An opinion is not issued on the bill in File - Law for protecting employment during a time of crisis. Mantenance of the authority of the BCCR Administration to set rates on special placement operations until August 31, , to renegotiate expiration dates. Unfavorable opinion on the Bill for Defending consumers from usury in credit cards. No opinion was issued on the alternative text for the Bill against workplace harassment in the Public and Private Sectors. Negative opinion on the Bill for the Creation of a duty-free warehouse in the Northern Zone of the Province of Alajuela. No opinion was issued on the alternative text of the Bill for Adding a 58bis Article to the Law against corruption and unlawful enrichment. It was decided to not issue an opinion on the project for Addition to the Law against corruption and unlawful enrichment in public office. Approval of the Macroeconomic Program, as well as other agreements regarding credit growth for the nonfinancial private sector. Volume II of the Annual Report: Provision issued during the first semester of on economic matters. Reelection of Dr. Provision on economic issues delivered during the second semester of Unfavorable opinion - Bill to Amend Paragraph 5, Art. It is deemed inappropriate to issue an opinion on Bill to amend Art. Authorization for Escazu Town Council to enter into a credit agreement with Banco Nacional de CR, to finance projects to improve road infrastructure and the information system of said town council. Favorable opinion so that the Aguirre Town Council may enter into a loan agreement with Banco Nacional de Costa Rica, to finance the purchase of machinery. No opinion issued on Bill to Create Hospital Dr. Fernando Escalante Pradilla, in Perez Zeledon. Amendments to Art. No opinion issued on Bill to Modify Art. Amendment to Article 6 of Regulations for authorizing entities with which the BCCR may carry out operations related to international monetary reserves elimination of transitory provision 2. Favorable opinion on Bond Issue Bill-- Authorization for the Executive to pay debt with public institutions, File Appointment of Mr. Olman Solano M. Retrospective application of modification to Paragraph 5, Art. No opinoin issued on Bill to create a fiscal stamp for the improvement of justice, File Modifications were introduced to Arts. Favorable opinion on Bill to reduce public debt through the sale of public or underused assets from the public sector, File Favorable opinion on Bill authorizing the Executive to set up a Trust Fund and enter into a public credit operation through a lease to finance its project for infrastructure construction and fitting out. Public consultation on proposal to modify the method to calculate the Passive Basic Rate and the Monetary Policy Regulations. Authorization so that RECOPE may enter into a financing agreement through credit lines for labor capital and for refinancing letters of credit, performance bonds, and bank guarantees. Favorable opinion on ICE's request for RECOPE to become indebted through an issue of standardized bonds, whose funds will be devoted to developing investment projects to expand and optimize tankage and port works. Modification of the method to calculate the Passive Basic Rate. Modification to Arts. Bond issue by the Cartago Town Council to finance several projects in that province. Modification to Paragraph b, Art. Designation of Ms. No opinion issued on Bill Addition of several paragraphs to Art. Entering into force of the latest version of the Policies for the Administration of International Monetary Reserves on 31 October Amendment to Art. Mariano Benavides S. Favorable opinion so that the Town Council of Nicoya may enter into a credit agreement with Banco Popular to finance several projects. Favorable opinion so that the Bagaces Town Council may enter into a credit agreement with Banco Popular. Public consultation on amending the System of Payment Regulations. It was deemed inappropriate to issue a opinion on the Bill for Amending the Mining Code. Suspending application of the short-term debt reserve requirement. Favorable opinion about financing and implementation of the project Educational Infrastructure Building and Fitting Out, by the Ministry of Public Education. Favorable opinion - request from the Ministry of Public Education to finance the project Building Educational Infrastracture at national level. Public consultation on amendment to the System of Payment Regulations. Inapproriate to issue an opinion on Bill on the Prevention and Erradication of Discrimination, File Opinions on Bill --Addition to Art. Amending Arts. Authorizing the CCSS to obtain a credit line for labor capital in the country's banking institutions. Unfavorable opinion on the bill for strengthening and streamlining Public Municipal Corporations - File Public consultation on amendments to the Regulations on Exchange Operations. Offering deferred liquidity operations for fund-raising with maturity dates at the ILM. Favorable opinion on amendment to Art. High level policies to prevent money laundering and the financing of terrorism. Public consultation on amending the System of Payment Regulations, Arts. Authorization for the Cooperativa de Ciudad Quesada enter into a credit agreement with a foreign institution. Modifying Arts. Amendment of the second Paragraph of Article 16 of the Autonomous Regulations of Services RAS , and reforms to the specification of cognitive abilities in job descriptions for Assistant Manager and Deputy Manager positions. No opinion issued on Bill on Harrasment in the Workplace, File Unfavorable opinion on the Bill for tax payment exoneration for diesel for electricity generation. Designation of Mrs. Extended period for public consultation from session , Art. No opinion issued on Bill to Amend Arts. Opinion on Bill to Derogate Art. Unfavorable opinion on Bill No. Modification to the minimum capital required from private banks. Favorable opinion on Bill to Amend Art. Public consultation on a proposal to amend the Monetary Policy Regulations. The Methodology for setting liability placement rates was changed easing the ability of the administration to have a margin with respect to fixed reference rates for defining final liability placement rates. Modification to the maximum monthly limit of International Monetary Reserves. The monetary policy rate is set at 6. Unfavorable opinion on Bill to Amend Art. Favorable opinion on Bill to Derogate Art. Authorization to Cooperativa de Ciudad Quesada R. Modification to the maximum monthly limit on International Monetary Reserves. Applying the Reserve Requirement to short-term foreign debt operations. Approval of method to set interest rates on liability liabilities with cost for over one day. Addition to final paragraph of Art. Modification to Art. Increase in private banks' capital share by 8,1 billion and related provisions on non-banking financial firms, cooperatives, and 'solidarista' associations. Exchange rate modification, sale intervention through 22nd of January Increase of basis points on the gross interest rate for Overnight Deposits through Central Directo. Modification to Paragraph II, Art. Extending up until 1 Sept the validity of the new method to control the Minimum Reserve Requirement. Modifications to Arts. Sixty-day extended period of validity of the new method to control the Minimum Reserve Requirement. Increase of basis points in the local gross rate for overnight deposits through Central Directo. Ruling so that RECOPE may obtain financing through credit lines for labor capital, and refinincing through letters of credit. Favorable decision on Bill. Paragraph 2 should be added to Art. Unfavorable opinion on the Bill for social bankarization. Reduction in the annual gross interest rate of 5. Authorization was revoked for Interbolsa Casa de Cambio to operate in the cash exchange market. A new point VI is added to the Methodology for setting placement rates on liabilities. Unfavorable opinion on the Bill for Amending the law of participation of rural electrification cooperatives and of municipal public services companies in national development. Favorable opinion on the Bill for approving compliance with the convention to eliminate legalization requirements for public foreign documents. Addition to Art. Public consultation on amendments to Regulations for Cash Exchange Operations. Authorization for BCCR administration to conduct auctions and buy bonds. Modification to Paragraph VI, Methodology to set rates for issuing debt. Statement that the BCCR does not have any comments on the Bill for guaranteeing freedom to choose notarial services in acts or contracts with public entities. Derogation of Arts. Opinion on bill authorizing public institutions to build and operate institutional museums, File Opinion on Bill to Amend Law No. Modification to Paragragh a. Favorable opinion for the Municipality of Heredia to enter into a credit agreement with the Banco Popular. A favorable opinion was issued for the Municipality of Desamparados to enter into a credit agreement with the Banco Popular in Commission agreed a point increase in policy rate Public consultation on proposal to modify Art. Changes when establishing institutional rates for the non-banking public sector. One hundred point increase in the policy rate and gross interest rate for Overnight Deposits through Central Directo. Opinion on Bill for special protection against discrimination of citizens on the grounds of age, File Favorable opinion on text replacing the Inmigration Bill, File Public consultation on proposal to modify the System of Payment Regulations. Opinion on Bill- Addition to final paragraph of Art. It was decided to increase the minimum capital of private banks, and other related agreements were also reached. Unfavorable opinion Bill to Amend Art. Maximum amount of investments with 1 to 30 day maturity dates through Central Directo. Favorable opinion on Bill for amending several articles of the Wildlife Conservation Law An opinion is not issued on the Bill for Creating a tax on exports of oranges for strengthening human development in production zones. Modifications to General Policies for Administration of Liabilities. Approval of a new version of Regulations for Exchange Derivative Operations. Unfavorable opinion on Bill to Amend Law No. Favorable opinion at the request of the Regulatory Authority for Public Services. Reduction of basis points of the short-term gross interest rate. Opinion on adding a new criterion h to Art. Public consultation on proposal to modify Arts. Setting up a commission to change, if necessary, the policy rate by up to points. Intervention Exchange Rate for Sale for 22nd November will be subsequently reduced by 0. Excluding public non-governmental entities from Art. Approval of procedure to process BCCR authorization for public institutions to enter into local and foreign credit agreements. It was deemed inappropriate to issue an opinion on bill to promote social corporate responsibility in town councils, File Modifications to Paragraph 3, Arts. Favorable opinion on Bill to amend Art. Fifty basis-point reduction in short-term gross interest rate General Telecommunications Bill has no negative impact on monetary policy, File Proposed text to replace Development Banking Bill, File Modification on the minimum capital required from private banks. It is deemed inappropriate to issue an opinion on Bill in File Public consultation on proposed agreement to modify Account Entry System Regulations. Sending the Account Entry System Regulations to public consultation. It is deemed inappropriate to issue opinion requested on File Public consultation on proposed Regulations on Exchange Derivative Operations. Correction to Art. Favorable opinion so that the Ministry of Finance may enter into a credit agreement. Modifying the Provision of Art. Unfavorable opinion on creation of the Agricultural Development Banking System, Files and Modification to Subparagrah g. It is deemed inappropriate to issue an opinion on amendment to Law , File Calculation method-- as long as exchange rate system is in force. Invalidating Art. Decision to issue a new zero coupon bond and a new series of bonds. Public consultation on the rate structure of the Account Entry System. Public consultation on amendments to Regulations on Exchange Rate Operations. Sending for consultation modifications to the System of Payment Regulations. Favorable opinion on Project to Streamline the Public Treasury. Favorable opinion on increasing possibilities for families to have access to housing. Favorable opinion on amendments to Law and Law , File Maintaining a positive gross interest rate for time deposits with day maturity dates at Increase of Authentic interpretation on the resolution in session No objections raised on the wording of Bill modifying text in Art. Favorable opinion so that ICE may enter into three foreign credit agreements. Fifty basis point increase in gross interest rate for day term. It is deemed inappropriate to issue an opinion on Bill , File Proposed modifications to the method for defining an increase in minimum capital Elimination of Art. Issuing Authority is not competent to issue an opinion, File Favorable opinion on Bill Banking for Development - File Addition of two paragraphs to the Autonomous Services Regulations. It is deemed inappropriate to issue an opinion on Bill to Amend Law Elimination of a paragraph in Art. BCCR's Administration is empowered to engage in bond repurchase. Revocation of delegation act, registered in Art. Setting the variation range for the interest rate in local currency. Twenty-five basis point increase in the policy rate for a day term. Authorization for BCCR administration to change equivalent rates in up to basis points. Roy Gonzalez R. Favorable opinion so that Paragraph 2 , Art. Elimination of Arts. Favorable opinion so that the National Corporation of Power and Light may proceed to issue bonds. Favorable opinion so that ICE may enter into an agreement for a performance bond Fifty-seven basis- point increase in the gross interest rate for liability transactions with day maturity dates. Favorable opinion so that l ICE may enter into a loan agreement Favorable opinion so that CNFL may enter into a foreign credit agreement. Favorable opinion so that Coopeorotina, R. Favorable opinion on Bill to amend several articles of the Notarial Code, File Favorable opinion so that MEP may enter into a foreign credit agreement. Fifty basis-point increase in gross interest rate for liability transactions with day maturity dates. Unfavorable opinion on Bill Amending Art. Favorable opinion so that the Ministry of Finance may enter into a foreign credit agreement with German bank KfW. It is deemed inappropriate to issue an opinion on Bill to Derogate Art. Unfavorable opinion on Bill to Amend Arts. It was agreed not to modify interest rates of the short-term investments system. Favorable opinion on financial cooperation agreement between the Government of the German Federal Republic and the Government of Costa Rica, File Establishing interest rate for US Dollar credits. Setting a flat rate that is equal to the interest rate for short-term investors. It is deemed inappropriate to issue an opinion on bill to ensure citizen participation in electoral processes, File It is deemed inappropriate to issue an opinion on bill authorizing the operation of online gambling businesses, File Changes to the structure of interest rates for joint auctions. It is deemed inappropriate to issue an opinion on Bill for the Creation of a Registry of Criminals, File Authorization for ICE to resort to credit lines and letters of credit. It is deemed inappropriate to issue an opinion on General Inmigration Bill, File It was agreed to set a flat rate that is equal to the interest rate for short-term investments. ICE's request for authorization to issue bonds is turned down by majority. It is deemed inappropriate to issue an opinion on Bill for Deed Granting It is deemed inappropriate to issue an opinion on Bill to Amend Law , File Reference interest rate is set at 30 days counted from the joint auction sale Temporary participation of Inter-Bank Money Market to stabilize interest rate Unfavorable opinion on ICE's request to issue standardized securities for the domestic market. It is deemed inappropriate to issue an opinion on Bill for the Promotion and Conservation of Private Lands, File Unfavorable opinion on bill to amend several articles of the National Emergency Law, File It is deemed inappropriate to issue an opinion on Water Resource Bill, File Every BCCR former public servant receiving financial incentives for labor mobility. Favorable opinion to Amend the Guatemala Protocol, File Favorable opinion on Bill to Amend Arts. Invalidation of wording approved for Art. It is deemed inappropriate to issue an opinion on Bill to Amend Law No. Favorable opinion so that Coopesparta, R. Modification to the minimun capital required from private banks. Unfavorable opinion on bills to amend Art. Unfavorable opinion on Bill Adding content to Art. Determining changes in the minimum capital required from banks -- modification to minimum capital required from private banks. Reference interest rates on bonds placed through joint auction. Criteria on changes on minimum capital required from private banks. Adding Paragraph b to Art. Unfavorable opinion on Bill to eliminate inflation - Amendments to Paragraph f , Art. Capitalization Bill, File Favorable opinion so that the Government of the Republic may enter into a foreign credit agreement with the WB. Favorable opinion on Bill for Authentic Interpretation of Art. Favorable opinion on Bill to Amend Paragraph 27 , Art. Authorization of a foreign credit for the National Council of Foreign Financing. It is deemed inappropriate to issue an opinion on amendment to Art. Unfavorable opinion on bill approving a public loan to buy the seat of the Embassy of Costa Rica in The Hague, the Netherlands. Unfavorable opinion on bill about the obligation of Government institutions to buy goods and services- File Favorable opinion so that the Government of the Republic may enter into a credit agreement. Bill authorizing autonomous institutions and public State corporations to make donations - File Opinion on Bill to amend Paragraph b , Art. Ver documento. The Monetary Policy Rate is maintained at 5. The Macroeconomic Program is approved. Changes in the Institutional Regulatory Framework. Review of the Macroeconomic Program. Changes in the methodology to set Liability Loan Rates. A flexible scheme of inflation targets is adopted. Approval of Macroeconomic Program. Assign exchange-related functions to the Market Commission. Opinion on the Bill for Transfer of Weapons and Ammunitions. Opinion on the Bill for Expropriations. Amendments to the Payment System Regulations. Minimum capital required from banks is modified for Review of Macroeconomic Program approved. Full text of the Macroeconomic Program review. Approval of a new series of BEMs with fixed interest rates. Increasing the capital share of private banks. Amendments to Monetary Policy Regulations. Deposit-taking instrument for 7 and 14 day terms at ILM. Changes to Administration of International Monetary Reserves. Amending the System of Payment Regulations, Art. Creation of a Liquidity Contigency Operations Comission. Regulations on Contingent Instruments to Provide Liquidity. Changes to policy rate at 5 percent annually. Monetary program, macroeconomic program. Review of Macroeconomic Program. Modifying Art. Modifications to the System of Payment Regulations. Amendment to the Monetary Policy Regulations. First Review of the Macroeconomic Program. Approval- Second review of Macroeconomic Program. Approval of a new version of Central Directo's Regulations. New version of the System of Payment Regulations approved. Amending Art. Changes to exchange rate band parameters - BCCR. Approval of General Policies for Liability Management. A new version of the Payment System Regulations was approved. Favorable opinion on E-Commerce Bill, File No remarks on Inmigration Bill, File Favorable opinion on ICE's request for foreign credit. Unfavorable opinion on Bill in File Central Directo Regulations approved. Paragraph 3 added to Art. It is deemed inappropriate to issue an opinion- File Favorable opinion on Bill in File Public consultation on Exchange Rate Operations Regulations. Exchange rate for buying and selling. Fifty- percent basis point increase in policy rate. It is deemed inappropriate to issue an opinion on File Modifying the minimum capital for private banks. No opinion issued on Bills and , File Favorable opinion on Information Access Bill. Twenty-five percent basis points increase in policy rate. Favorable opinion for AyA to enter into a credit agreement. Modification to Monetary Policy Regulations. Approval of Central Directo Regulations. Exchange rate system as from 17th October. Reference exchange rates for buying and selling are set. Approval of Regulations on Exchange Rate Operations. Monetary Policy Regulations approved. Twenty-five basis point reduction in policy rate. No objections to Bill in File Approval of System of Payment Regulations. Revoking agreement adopted in session , Art. Fifty basis-point increase in gross interest rate. December 30th called a day off for BCCR staff. Favorable opinion so that ICE may renew a debt. Unfavorable opinion on Development Banking Bill- File It is deemed inappropriate to issue an opinion - File Unfavorable opinion on Bill - File Fifty basis-point increase in the Gross Interest Rate Gross interest rate is maintained at Extension of performance bonds and bank guarantees Fifty basis-point increase in policy rate, day term. Changes in the current structure of net interest rates. Unfavorable opinion on ICE's request to issue securities. Changes in the structure of net interest rates. Favorable opinion on the issue of securities by ICE. Changes in the current structure of interest rates Favorable opinion so that ICE may issue securities Modification on the structure of net interest rates Disincorporation Casa de Cambio Vinir, S. Clarification on the Reference Interest Rate, 30 day-term. Modifying the minimum capital required from private banks. Modification of the structure of net interest rates Favorable opinion on Fiscal Contingency Bill, File Unfavorable opinion on Commemorative Issue Bill, File Unfavorable opinion on Bill under Congress File Unfavorable opinion on General Cooperative Bill, File Unfavorable opinion on Bill on Book Promotion, File Establishment of the interest rate for local currency Rates in open market operations increased by 2. Modifications to the Monetary Policy Regulations. Favorable opinion on General Bill for Internal Control. Unfavorable opinion on Bill to Amend Law - File Modification of Monetary Policy Regulations. Bill on Regionalization of Public Services - File Bill on Tax Streamlining and Efficiency - File

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