21 C
san jose, costa rica
Monday 22 May 2017

Dollar Exchange Hit ¢580 On Tuesday

Q COSTA RICA - The dollar exchange on Tuesday by some banks reached ¢580 colones for the sell....

Banks Fear Increased Requests To Change Loans From Dollars to Colones

Q MONEY - A hike of ¢9.64 colones in the dollar exchange market since last Friday alone has...

Costa Rica Dollar Exchange Rate Continues to Rise

Q COSTA RICA - In the first four months of the year the price of the dollar in...

No Residency Required To Open Bank Account At The BCR

QCOSTARICA - One of the problems of many foreigners non-residents in Costa Rica is opening a bank account....

Banco Central Proposes Change in Method for Calculating Exchange Rate

Q COSTA RICA - Costa Rica's Central Bank (Banco Central de Costa Rica - BCCR) proposes modifying the...

New VAT Expected To Be Kept At 13 Percent

Q COSTA RICA - Costa Rica may opt for a lower value-added tax (VAT) rate if and when...

Central Bank’s Intervention to Stabilize Exchange Rate

Q MONEY - In the last several weeks we've seen the Dollar exchange rate go from 545/558 colones...

In Costa Rica Fewer Checks, More Online Banking

The ease of making secure transactions with just one click, from the house, office or even a smartphone...

Do Not Fall “Victim” To Credit or Debit Card Surcharges

Q COSTA RICA - A practice that is more common than you think, although prohibited, is retailers surcharging...

Financial Education in Costa Rica

In Costa Rica, a large part of the population still has inadequate or no access to finance. This...

Costa Rica Colon The Most Stable Currency In Latin America

QCOSTARICA - While devaluations are occurring all around, the Costa Rica Colon, the country's currency, remains stable with...

New Law Allows Use of Intangibles As Collateral

QCOSTARICA - On May 20, the Secured Transactions Act  (Ley de Garantías Mobiliarias - N.° 9.246) goes into...

Credit for Companies is Reduced in Costa Rica

COSTA RICA BUSINESS NEWS -- In the last three years there has been a decline in the amount...

Fitch Affirms Banco Internacional de Costa Rica’s IDR at ‘BB+’ Following Peer Review

(QCOSTARICA via BUSINESS WIRE) - Press Release:  Fitch Ratings has affirmed Banco Internacional de Costa Rica's (BICSA) Issuer...

Cost of Electricity in Costa Rica: It Never Rains But it Pours

QCOSTARICA - Industrialists have pointed to the fallacy of a report issued by the state power company detailing...

Bus Operators Fined For Overcharging Customers

COSTA RICA NEWS - For overcharging a customer ¢410 colones,  it will cost the the Musoc transport company...

Costa Rica Extradites Russian Linked Liberty Reserve Money Laundering

In handcuffs and on a United Airlines flight, the 27 year old Russaion national detained in Costa Rica,...

Costa Rica Records Decline In Remittances From the U.S.

QCOSTARICA - Costa Rica has registered a decline in remittances from the United States, placing it last in...

Costa Rica Still With The Highest Fuel Prices In The Region

(qCOSTARICA) In a report by Centralamericandata.com of a roundup of gasoline prices in Central America up to July...

Tax Increase Reason For Fuel Price Hike Today

COSTA RICA NEWS - Gasoline prices rose overnight: ¢5 colones per litre of super and regular and ¢3...

Reserve Limits On Dollar Deposits Could Make Financing In US Currency More Expensive

QCOSTARICA - Costa Rica Bankers say that the cost of financing in US currency will increase because of...

Costa Rica: Prospects for Interest Rates in 2015

Economists anticipate stability in the first half and an increase towards the second half of the year, depending...

Half of New Vehicles Sold In Costa Rica Are Financed

Q COSTA RICA - Here is something that is of no surprise to most in Costa Rica, about...

Things You Didn’t Know About Pricesmart

COSTA RICA NEWS -- Althouh the Q! tried to get information directly from PriceSmart, we had to rely...

Ticos Pawning Their Smart TV and Screens Now That the World Games Are Over

COSTA RICA NEWS - Following La Sele's loss to The Netherlands on July 5, the "casas de empeños"...

Costa Rica: Rise of Bank Credit in 2015

QCOSTARICA -- Bank entities estimate that in 2015 they granted, on average, between 15% and 25% more loans...

Now That Bitcoins Are Worth More Than Their Weight in Gold, Is It Time For Central Banks To Make Their Own?

(Q24N) The history of gold trading can be traced back hundreds of years while bitcoin, a digital currency...

It’s MARCHAMO Time!

(QCOSTARICA) It's that time of year again. It snuck up quickly this year, November 1, when the following...

The “New” Banking In Costa Rica

(QCOSTARICA) Today, the Banco Nacional (BN) joins the Banco de Costa Rica (BCR), Grupo Mutual and Bancredito allows...

Dollar Hits Costa Rican Exporters

QCOSTARICA - The overvaluation of the Colon against the US dollar is hurting the competitiveness of Costa Rican...

Costa Rica Central Bank Introduces Virtual Wallet (Monedero Virtual)

QCOSTARICA - Customers of the Banco Nacional (BN), Banco de Costa Rica (BCR) and BAC San José can,...

Zara: 25 Years of International Expansion

The Zara stores, the flagship chain store of the Inditex group, celebrates 25 years of international expansion with...