Adopt the following regulations by end-March: (i) Increase provision requirement for new foreign exchange loans to clients earning over 75 percent of their income in foreign exchange to 2.5 percent. (ii) Increase provision requirement for new foreign exchange loans to clients earning between 50 and 75 percent of their income in foreign exchange to 5 percent. (iii) Increase provision requirement for new foreign exchange loans to clients earning under 50 percent of their income in foreign exchange to 7.5 percent.
Macroeconomic rationale: Restrain credit growth and dollarization and thus reduce vulnerabilities in the banking sector.