• Costa Rica Real Estate

Old banknotes lose their value from January 1

November 11, 2016

Beginning January 1, Ticos can pay only using the new bills introduced by the Central Bank of Costa Rica (BCCR).

“As for this Tuesday Jan. 1 and until April 30, 2013, old bills can only be redeemed at branches and agencies of local banks,” said the BCCR in a press release. From May 1,  the old banknotes may be exchanged only at the BCCR offices.

This measure completes the transition in which all Costa Rica’s banknotes were renewed. Last August the BCCR introduced new ₡5,000 and ₡10,000 bills, the last two of the “new family.”

Central Bank in 2010 began phasing out the old bills and put into circulation new ₡1,000, ₡2,000 and ₡20,000 banknotes.

All include security features to prevent counterfeiting, such as translucent watermarks, color-changing shapes and textured images.

They also have features that facilitate recognition by the visually impaired.

Facebook Comments

You may be interested

Costa Rica seizes 2.5 tons of cocaine in two operations
Costa Rica
27 views
Costa Rica
27 views

Costa Rica seizes 2.5 tons of cocaine in two operations

AFP and The Tico Times - September 21, 2019

Costa Rican authorities seized 2.5 tons of cocaine in two separate operations carried out on the Pacific and Caribbean coastlines,…

United States and El Salvador sign immigration agreement
Central America
37 views
Central America
37 views

United States and El Salvador sign immigration agreement

AFP and The Tico Times - September 20, 2019

The United States and El Salvador reached an immigration agreement on Friday, the interim secretary of Homeland Security, Kevin McAleenan,…

‘I want to write my story here too,’ Navas says of PSG
Keylor Navas
28 views
Keylor Navas
28 views

‘I want to write my story here too,’ Navas says of PSG

AFP and The Tico Times - September 20, 2019

Costa Rican goalkeeper Keylor Navas debuted in the Champions League with Paris SG on Wednesday with a 3-0 victory against…

Do NOT follow this link or you will be banned from the site!