Monday 24 February 2020

Q COSTA RICA NEWS, Travel, Tourism, Vacation, Living in Costa Rica, Expat Focus, Entertainment

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...

Looking for bargains? Walmart, Universal, Ekono and Gollo open holiday season and easy financing

Walmart, Universal, Ekono, and Gollo are four of retailers that have announced their holiday...

Minimum Wage Increase Approved For Costa Rica’s Private Sector

The Consejo Nacional de Salarios (CNS) - National Wages Council -  unanimously approved a...

Financed Appliances And Telephones Would Be Part of New Credit History

Purchases of appliances and electronics, among others, financed by a retailer would be included...

Is State Banking Inefficient?

It's not uncommon to hear phrases such as: “State banking is inefficient. Administrative expenses...

Government wants to punish usury: the first thing is to define the interest rate

Within the bill that would allow people with a high indebtedness to consolidate their...

Costa Rica’s Monetary Policy Rate Falls Again

A “high uncertainty” in the global economy, associated to the tensions between the U.S....

Dollar Exchange Increases

After the dollar exchange rate closed on August 23 at ¢565.88 per U.S. dollar...

Big Gas Price Drop Tonight!

At midnight tonight (Wednesday), the price of a liter of super gasoline will drop...

Dollar In A Tailspin! Drops To May 2018 Exchange

The dollar exchange continues to drop, the official exchange rate this morning by the...

Less Debit Cards in Costa Rica

Between January and April 2019, the number of debit cards circulating in the country...

IBAN Account Number Begins Today Aug. 1

All financial institutions in Costa Rica will officially incorporate, as of today, Thursday, August...

Major Gas Price Hike Coming Our Way

Get ready for another gas price hike coming our way next month (August). The government...

Commission Regulation Announced On Banking Cards

After the Ministry of Economy, Industry and Commerce (MEIC) requested the Commission to Promote...

Legislators Aprrove Foreign Banks Opening Branches in Costa Rica

The Legislative Assembly on Monday approved, in the first debate, a bill that allows...

Aldesa claims to have lost more than ¢3.8 billion as a result of raid

Legal representatives of the Aldesa Group say the company has lost about ¢3.8 billion...

Legislators Seeking To Define Usury Rate in Costa Rica

Should loans charging more than 57% interest be prohibited? A legislative bill seeks to...

Chinese vehicles gain ground in Costa Rica

In recent years there has been an increase in the number of vehicles manufactured...

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