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COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

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Central Bank of Costa Rica

Costa Rica moves to free-floating currency

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 from the Central Bank Saturday.

Holiday brings jump in dollar exchange rate at Costa Rica banks

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.

Recent exchange rate stability offers relief to businesses

The Central Bank’s efforts to quell volatility in the Costa Rican currency seem to be working. But analysts note that there are bigger problems on the horizon for businesses.

Costa Rica passes bill to curb hot money investments

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 Bank.

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