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What would be the impact of a US ‘digital dollar’?

US President Joe Biden has ordered the federal government to look into creating a digital dollar, a move with the potential to reshape how...

A Few Costa Rica Bank Notes to be withdrawn from Circulation

The United States embassy in Costa Rica has reminded everyone that lives or is traveling in Costa Rica to be aware that on February...

Dollar exchange rate maintains upward trend

The exchange rate of the Costa Rican colón against the dollar increased by ₡10 during the past month, according to official data from the Central Bank...

Surf and Bitcoin, El Salvador beach town rides crypto wave

The beach town of El Zonte on El Salvador's Pacific coast is a laid back surfer's haven with white beaches, palm trees, and a...

El Salvador marks 20 years of dollarization with weak economic impulse

El Salvador is celebrating 20 years of dollarization, a measure that sought stability.

Costa Rica enforces new methodology for calculating dollar exchange rate

The change in the calculation methodology is possible since the Central Bank now has online information on all exchange transactions performed each day.

Dollar exchange rate down following Central Bank’s intervention announcement

The selling price of the dollar at the country’s banks on Thursday fell ₡4 from ₡598.49 to ₡594.47. The average purchase price closed at ₡581.71.

Dollar exchange rate reaches highest price in seven years

President Luis Guillermo Solís on Thursday ruled out meeting with Central Bank officials to intervene in their dollar exchange rate policies.

Dollar exchange rate maintains slight upward trend this year

An increase in transactions from businesses that exchange dollar investments into colones to pay taxes drove fluctuations in dollar prices in the past four months.

Consumer optimism remains low in Costa Rica

A majority of consumers surveyed expect increases in interest rates on bank loans, in the dollar exchange rate and in fuel prices during the coming year.

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