No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveSavings Accounts In Dollars Increase

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).

Popular Articles

Costa Rica Exchange Rate Hits Historic Low, Central Bank Steps In

The exchange rate in Costa Rica has plummeted to a historic low, with the dollar reaching ₡499.90 on Thursday, March 13, in the Foreign...

Poás Volcano National Park Reopens with Enhanced Safety Protocols

Poás Volcano National Park has officially reopened to visitors, the National System of Conservation Areas (SINAC) announced. The reopening comes with updated safety measures...

Costa Rica’s Poás Volcano Activity Surges, Alert Raised

Poás Volcano in Costa Rica is undergoing intense and unprecedented activity, marked by persistent tremors, high gas emissions, and structural deformation, according to the...
Avatar
spot_img
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait

Latest Articles