Central Bank To Replace SINPE With IBAN For Interbank Transfers

The Central Bank announced it will end the SINPE (Sistema Nacional de Pagos Electrónicos) transfers format by the...

Good News For Renters, Not So Much For Landlords

  Thanks to a recent law reform, residential rentals in colones cannot rise above the accumulated inflation of the...

Costa Rica Colon / US Dollar Exchange Rate Expectations

It is expected that under current economic conditions, the local currency will depreciate on average 3.6% against the...

Financial Planner Indicted In U.S. For Illegal “Ponzi” Could Be Forced To Forfeit Costa Rican Luxury Home

The founder of VisionQuest, a Raleigh, North Carolina, investment firm, charged with running an illegal “Ponzi” scheme that...

Opened In Costa Rica First Clothing Store Accepting Bitcoins

On Thursday, December 14, the first clothing store that will accept bitcoins opened in Costa Rica. Felipe Kirsch, representative...

Ticos Up To Their Eyeballs In Consumer Debt: UCR Survey

The cost to have the latest smartphone or appliance, for example, are the leading causes of consumer indebtedness...

Why Income Taxes Are Immoral

Nearly 2,500 years ago, Plato argued that poets, “with their words and phrases” were too dangerous and could...

Hacienda (Taxation) Confirms Internet Purchases Of Up To US$500 Are Tax Exempt

The Ministerio de Hacienda (Ministry of Finance) confirmed, through a statement issued today (November 23, 2017), that any...

FAC Expands Online Card-Processing Services

Payments technology company First Atlantic Commerce  (FAC)  has expanded its online card-processing services across Central America. The Bermudian-based payment...

Why Are Cell Phones So Expensive In Costa Rica?

The price of a smartphone in Costa Rica can be up to double, sometimes more, of its price...

Aresep Inspections Ensure Quantity And Quality of Gasoline Dispensed

The Autoridad Reguladora de los Servicios Públicos (ARESEP) - Regulatory Authority of Public Services - often comes under...

Costa Rica Slow Down in Dollar Loans

As of September of this year, the bank loan portfolio granted to the private sector registered a 5%...

Costa Rica Credit Card Debt Grows 23%

The number of cards in circulation in the country grew by 9% between July 2016 and July this...

Full Time and Temporary Jobs Up For Grabs

Looking for work or a better job or career? Ekono is holding four job fairs that started Thursday (October...

Costa Rica Effective Dollar Rate Goes Up

The effective rate in dollars went up to 2.13% from 2.01% last week, while the passive basic rate...

Christmas Arriving In November in Costa Rica: Gas Price Drop On The Way

Christmas is arriving early in Costa Rica this year, a reduction in gasoline prices that will take effect...

Costa Rica’s Central Bank Gets US$1 Billion Credit Line To Strengthen Foreign Reserves

Costa Rica's Central Bank (Banco Central de Costa Rica - BCCR) is getting a billion-dollar boost by way...

Rise in the Price of the US Dollar in Costa Rica

A rebound in demand for US dollars explains the increase of just over 5.36 colones registered in the...

Three Reasons Universal Basic Income Will Never Work

Every so often a new study is released, concluding that a universal basic income (UBI) is needed to...

“English” Is An Important Factor In High Paying Jobs in Costa Rica

More and more, a dominance level of English is a factor in higher paying jobs in Costa Rica....

ZipCar Launches Carsharing Service in Costa Rica

Q MONEY - Zipcar, the carsharing service, has announced it's launch in Costa Rica, joining in Zipcar’s international...

Costa Rica Expands Access To Housing Finance

The Inter-American Investment Corporation (IIC) has established a strategic partnership with Cooperativa Nacional de Educadores (Coopenae), a leading...

Another Ruling in Favor of Protectionism, Sala IV Ratifies Ban On Rice Promotions

  In Costa Rica, the Constitutional Court or Sala IV has rejected an appeal of unconstitutionality against the prohibition...

U.S. Remittances To Costa RicaUp In First Quarter of 2017

According to data published by the Banco Central (Central Bank), as part of the quarterly balance of payments...

Central Bank Changes Methodoloy For Setting Reference Dollar Exchange Rate

Q COSTA RICA - The Banco Central de Costa Rica (BCCR) - Central Bank - applied on Tuesday...

The 10 brands Preferred by Costa Ricans

Q COSTA RICA - Ever wonder, when grocery shopping at Automercado, Masxmenos or Pricesmart, for example, why Costa...

Costa Rica’S Autopistas del Sol Issues Landmark Project Bonds

QMONEY - Two international law firms, Jones Day (US) and BLP (UK), have helped Autopistas del Sol (Globalvia),...

New Measures to Control Rise In Dollar Exchange

The Banco Central de Costa Rica (BCCR) or Central Bank has raised the monetary policy rate, this time...

The “YoYo” Dollar Exchange Rate: ¢18 Colones Drop In Three Days

Q MONEY - After hitting almost ¢600 Colones to one US dollar last week, the reference rate today...

Central Bank Says It Will Spend US$1 Billion To Shore Up The Colon

You Want Dollars? Have a billion! At a press conference and in the face of continued exchange rate...

What Will Happen With The Rise In The Dollar Exchange?

The increases in the dollar exchange rate surprised many this week, who were confident that the dollar would...

Dollar Exchange Rate Keeps Climbing, It Has Already Reached ¢595

Q COSTA RICA - The Colon exchange rate against the U.S. dollar continues its upward trend, given the...

LATEST

Increase In Passenger Arrivals Saturates San Jose Airport

The hundreds of tourists arriving at Costa Rica's main international airport, the Juan Santamaria (SJO), in San Jose eager to discover the beauties of...

The Puntarenas Cow Stare Down!

During my current visit to the Nicoya Peninsula, this cow in Playa Tambor was very vigilant of my presence. She followed my every move,...

Meet the Dark Side of Brazil’s Legendary Rio Carnival

Brazil’s female samba dancers the spill the beans on the darker side of working at the iconic Rio de Janeiro Carnival. Viviane Morais Ferreira Guimarães,...

Shrimp Conflict Between Mexico and Honduras Continues

It has been four months since Mexican authorities blocked shrimp imports from Honduras, with no solution in sight in the short term. Alleging the presence...

Santa Teresa, Costa Rica: The Next Tulum

(Nytimes.com) As Tulum has become overrun with Los Angelenos and New Yorkers trying to recreate the cultures of their own hometowns in a more...

Costa Rica’s Election: It Wasn’t the Economy, Stupid!

Is it the economy, stupid? A preliminary analysis would have concluded that such a maxim would prevail in Costa Rica’s presidential race: unemployment is...

Canada To Open Free Trade Talks With Mercosur Group Of South American Countries

(Reuters) - The Canadian government plans to open free trade talks with the four-nation Mercosur trading bloc in South America, an official said on...

TRENDING / POPULAR

Anne Hathaway’s Leaked Personal Pictures Go Viral

American actress Anne Hathaway is the latest celebrity to fall victim to the hackers, who shamelessly filtered the intimate photos of the actress with...

American Tourist Dies In Isla del Coco Shark Attack

The National Coast Guard Service of the Ministry of Public Security (Servicio Nacional de Guardacostas, del Ministerio de Seguridad Pública) confirmed the death of...

10 Countries Reputed As The Ultimate Place For Sex Tourism (Guess Who Isn’t?)

QCOSTARICA - Normally, tourists travel abroad to visit famous landmarks, culture or do fun things. Also there is a group of tourists who travel...

Female Tiger Shark Attacked American Tourist Who Died in Isla del Coco

The survivor of the shark attack in the Isla del Coco on Thursday, the 26-year-old diving guide identified by his last name Jimenez, said...

How Will Hurricane Irma Affect Costa Rica?

As Hurricane Irma makes its way through the Caribbean and Floridians ready for Irma's potential landfall, how will it affect Costa Rica? Although Hurricane Irma...

RANDOM

World’s Most Colourful City: Amorgos Island, Greece

Who wouldn’t want to live in one of the world’s most colourful cities? The color of a city and the creativity of its people...

Organ Transplant Bill On Fast Track

Costa Rica's lawmakers have decided to fast-track a bill that would govern organ transplants following the arrest of a physician and a policeman in...

Panama to Ban Use of Plastic Bags

Plastic bags in Panama supermarkets and warehouses could be part of history by next year TODAY PANAMA – The Assembly has approved in a first...

Internatoinal Monteray Fund Supports Costa Rica’s Fiscal Reforms

QCOSTARICA by Mike Godfrey, Tax-News.com - The International Monetary Fund (IMF) has welcomed the Costa Rican Government's medium-term strategy to strengthen public finances by...

Bus Operators Propose “Odd” and “Even” Day To Vehicular Restrictions of San Jose

TICO BULL by Rico – Here’s a half-brained idea to solve the worsening problems of traffic congestion in San Jose and surrounding areas. We can...