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Costa Rica moves to free-floating currency
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Money Money Money
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Costa Rica moves to free-floating currency

Zach Dyer - January 31, 2015

Costa Rica announced that it would remove the country’s nine-year-old currency band system in favor of a floating exchange against the U.S. dollar, according to a statement…

Holiday brings jump in dollar exchange rate at Costa Rica banks
Business
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Business
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Holiday brings jump in dollar exchange rate at Costa Rica banks

L. Arias - December 24, 2014

After a long period of stability the U.S. dollar exchange rate this week showed an upward trend at both public and private banks in the country. Last week, the…

Recent exchange rate stability offers relief to businesses
Business
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Business
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Recent exchange rate stability offers relief to businesses

Zach Dyer - September 1, 2014

After the colón got off to a rocky start in 2014, the Costa Rican currency has entered a period of relative stability. The Central Bank’s (BCCR) efforts to quell…

Costa Rica passes bill to curb hot money investments
Business
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Business
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Costa Rica passes bill to curb hot money investments

Zach Dyer - March 26, 2014

The Legislative Assembly approved in a second-round vote Monday afternoon a long-delayed capital-control bill that requires foreign investors to deposit 25 percent of their investment with the Central…

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