• Costa Rica Coffee Guide

Monetary Reserves Reach $3.1 Billion

January 12, 2007

Costa Rica ended 2006 with a record $3.1 billion in international monetary reserves, 34% more than the $2.3 billion recorded in 2005, according to statistics published recently on the Central Bank’s Web site.

Central Bank economic director Jorge Madrigal told the weekly El Financiero these figures are indicative of the country’s  economic stability. Added to the dollar reserves held by commercial banks, Costa Rica’s reserves reached $3.8 billion, $966 million more than in 2005, showing that banks have gained a more solid standing, he added.

An increase in foreign direct investment to $1.4 billion last year, as well as income from tourism and a new exchange-rate system based on fluctuating mini-devaluations, have helped build up international monetary reserves,Madrigal said.

 

You may be interested

Avianca to offer direct flights between Miami and Costa Rica
Costa Rica
1912 views
Costa Rica
1912 views

Avianca to offer direct flights between Miami and Costa Rica

Alejandro Zúñiga - April 10, 2021

Avianca announced a daily nonstop flight between the San José area and Miami, Florida, scheduled to start July 1. According…

Panama authorizes use of Chinese vaccine against Covid-19
Latin America
2120 views
Latin America
2120 views

Panama authorizes use of Chinese vaccine against Covid-19

AFP - April 10, 2021

Panama authorized "emergency" use of the CoronaVac vaccine, from the Chinese pharmaceutical company Sinovac, to combat Covid-19, the government announced…

Costa Rica coronavirus data for Friday, April 9
Costa Rica
57 views
Costa Rica
57 views

Costa Rica coronavirus data for Friday, April 9

The Tico Times - April 9, 2021

The country registered 907 new cases of Covid-19 on Wednesday, April 7; 877 on Thursday, April 8; and 914 cases…