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Costa Rica meets with IMF to discuss financing options to face crisis
Costa Rica
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Costa Rica
3766 views

Costa Rica meets with IMF to discuss financing options to face crisis

AFP and The Tico Times - April 16, 2020

Economic authorities in Costa Rica met with the International Monetary Fund (IMF) and asked for a line of financing that would allow it to face the financial…

Costa Rica to stop minting ₡5 coin
Costa Rica
1398 views
Costa Rica
1398 views

Costa Rica to stop minting ₡5 coin

Alejandro Zúñiga - November 7, 2019

The Central Bank of Costa Rica (BCCR) announced Thursday that it will stop minting five-colón coins (₡5) at the end of this year. The 715 million coins of…

Dollar exchange rate down following Central Bank’s intervention announcement
Business
5537 views
Business
5537 views

Dollar exchange rate down following Central Bank’s intervention announcement

L. Arias - May 26, 2017

The Central Bank of Costa Rica (BCCR) will intervene in the foreign exchange market in order to curb the sustained hike in the exchange rate of the…

Dollar exchange rate reaches highest price in seven years
Business
6707 views
Business
6707 views

Dollar exchange rate reaches highest price in seven years

L. Arias - May 19, 2017

The exchange rate of the Costa Rican colón against the dollar reached ₡581.90 (to sell) and ₡569.26 (to buy) on Thursday, the highest since January 2010. The…

Dollar exchange rate maintains slight upward trend this year
Business
3816 views
Business
3816 views

Dollar exchange rate maintains slight upward trend this year

L. Arias - April 4, 2017

The exchange rate of the Costa Rican colón against the dollar increased by ₡6 during the first four months of this year, according to official data from the Central…

Banks in Costa Rica to change account numbering format
Business
7337 views
Business
7337 views

Banks in Costa Rica to change account numbering format

L. Arias - December 15, 2016

Starting next year, Costa Rican banks will merge all numbers related to their customers' accounts into a single 22-digit account number, known as IBAN, the Central Bank of…

Costa Rica moves to free-floating currency
Money Money Money
3298 views
Money Money Money
3298 views

Costa Rica moves to free-floating currency

The Tico Times - 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
1721 views
Business
1721 views

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
1863 views
Business
1863 views

Recent exchange rate stability offers relief to businesses

The Tico Times - 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
1720 views

Costa Rica passes bill to curb hot money investments

The Tico Times - 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…