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Central Bank has used $1.1 billion of reserves to avoid abrupt increases in the price of the dollar

The Banco Central de Costa Rica (BCCR) - Central Bank of Costa - reported Friday that it has been using its International Reserves to smooth the changes in the exchange rate. So far this year, the Central Bank has used (to October 12) US$1.101 billion...

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 of a credit line from the Latin American Reserve Fund (Fondo Latinoamericano de Reservas - FLAR) to strengthen its international reserves position. The loan, requested in June,...