Wednesday, 23 September 2020

Sinpe Móvil transfers grow by leaps and bounds in 2020

(QCOSTARICA) Money transfers in Costa Rica through the SINPE Móvil by the Central Bank...

The new Costa Rica banknotes

(QCOSTARICA) The Banco Central de Costa Rica (Central Bank) will put into circulation a...

Not even “Beto” will lend you, as usury law affects fast loans

(QCOSTARICA) The entry into force of the reform that established a cap interest rate...

Banco Scotiabank to cancel credit cards of 20,000 clients to meet interest rate cap

(QCOSTATICA) Scotiabank Costa Rica announced this week it will cancel, over the course of...

Dirty money: dealing with cash during the coronavirus pandemic

(QCOSTARICA) Are you aware of how germy the surface of cash is? That’s why...

OMNI launches Costa Rica’s Super App

(QCOSTARICA) Omni officially launched the OMNiMoni service, a virtual bank or “neobank” focused on...

Prepare to stop using ¢50,000 bills

(QCOSTARICA) Good chance you've used them sparingly, even less of late or may have...

7 out of 10 in Costa Rica reduced food consumption due to the pandemic crisis

(QCOSTARICA) Seven out of ten in Costa Rica had to reduce or eliminate the...

Central Bank withdraws ¢50,000 banknote from circulation

(QCOSTARICA) You hardly see them in circulation. They are not dispensed at ATMs. About...

“New normality”, electricity rates surge awaits in July

(QCOSTARICA) Just as we expect to resume activities under the so-called "new normal" due...

Usury Bill Hits A Roadblock

The future of the bill that would lower interest rates for loans and cards,...

Aresep approves lower fuel prices, but there will be no reduction in the price at the pumps

The Autoridad Reguladora de los Servicios Públicos (Aaresep) - Regulatory Authority of Public Services...

Dollar Exchange Drops Below ¢570

The "yo-yo" dollar exchange today, Wednesday, April 15, is at a low of ¢564.13...

Fuel prices will return to the amounts of March 4 to subsidize workers affected by crisis

With 49 votes in favor and one against, legislators on Monday approved a bill...

What can we expect for the dollar exchange with the ‘coronavirus effect’?

The dollar exchange rate is currently under strong pressure, towards a rise driven by...

U.S. Dollar exchange rose ¢10.50 in last four sessions

The average price of the U.S. dollar in the Monex market, where amounts greater...

Costa Rican Consumer Interests: Clothing and Accessories

An analysis of consumer interests and preferences in Costa Rica, prepared by the Trade...

Costa Rica Usury Rate Defined

Legislators of the Legislative Committee on Tax Matters negotiated to establish a ceiling of...

Bankers Oppose Lifting of Bank Secrecy

The Costa Rican Banking Association expressed its opposition to the proposal of the Minister...

Interest Rates Caps and Debtor Exclusion

In Costa Rica, a bill under discussion seeks caps on interest rates on loans,...

Costa Rica takes first steps to replace use of the Libor rate

If you have a dollar loan or at any time tried to obtain one,...

Greater Stability in Dollar Exchange Expected

During 2019, the price of the dollar in Costa Rica registered multiple fluctuations; however,...

Costa Rica among the 50 richest countries in the world

Costa Rica ranks last among the 50 richest countries in the world, according to...

How much of a disadvantage is it to rent a car from the San Jose airport?

All vehicles rented at the San Jose (or Liberia airport in Guanacaste) have a...

Costa Rica Reduces Rates Again

For the seventh time this year, the Banco Central de Costa Rica (Central Bank)...

Costa Rica’s Telecable offers clients double speed at no extra cost

Costa Rica's Telecable has gotten into the spirit of Christmas giving by doubling the...

Do not be alarmed by the exchange rate

During the last week, there have been important movements in the exchange operations of...

Central Bank Debunks Fake $1,000 Bills

The Central Bank of Costa Rica (BCCR) denied that ¢1,000 colones noted with a...

Brakes to Monetary Policy Rate Reduction

After lowering the rate six times between January and October of this year, in...

Costa Rica Rising Interest Rates

The Basic Passive Rate (Tasa Básica Pasiva -  TBP) rose from 5.50% to 5.60%,...

Banco Central Will Stop Minting ¢5 Coins

We all have them, worth almost nothing, but still can be useful. They are...

Savers Inclined To Save In Dollars

Savers in Costa Rica maintain a preference for saving their money in dollars, above...

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