Savings Accounts In Dollars Increase
AN increasing number of CostaRicans are choosing to put their savings inU.S. dollar bank accounts.In May, the total in savings accountsand term deposits was $3.5 billion – a26% increase compared to March. Duringthose two months, the amount of dollarsdeposited into the country’s accountsequaled $732 million, reported the dailyLa Nación.The increased demand for dollaraccounts was, in part, caused by the sharpdrops reported by the country’s dollarinvestment funds (TT, May 14).
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