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Costa Rica Economic Activity Up 3.5%

The performance of the construction sector at the end of the year explained the acceleration registered in the country's economic activity up to December 2017. From a report by the Central Bank of Costa Rica (Banco Central de Costa Rica): The country's production of goods and...

Central America Gangs Selling Drug Trafficking Services on Dark Web: UN Official

(Insightcrime.org) A UN official stated that Central American gangs are strengthening their ties with transnational drug trafficking groups, in some cases using the dark web, raising questions about the potentially evolving role of Central American gangs in the transnational drug trade. Amado Philip de Andrés,...

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 methodology to more appropriately approximate the average reference exchange rate of all exchange transactions in the economy. The reference exchange rate (buying and selling the dollar) is...