Banks’ foreign currency liabilities are less than 3% of total liabilities due to low involvement in international financial markets, as explained before. In Bolivia we view financial regulation as important. The prudential regulation measures taken by the Central Bank of Bolivia have improved in recent years and have been closely coordinated internally (monetary and exchange rate policies) and with the MEFP and ASFI.
The challenge ahead is to give this coordination a more formal framework. What are the decisions we should make to arrive at coordinated results and decisions? On the one hand, our experience is based upon a sound macroeconomic policy: current account and fiscal surplus, price and foreign exchange stability.