Tuesday 31 January 2023

Central Bank continues efforts to stop the rise in the dollar exchange

Paying the bills


A promise: Starting in April, drivers will connect Ruta 32 and La Uruca in just five minutes

QCOSTARICA - With the objective of removing the largest...

Protect yourself from the Sun!

Protect yourself from the sun! The national weather service,...

Costa Rica’s US$160mn Circunvalación Norte

QCOSTARICA - Costa Rica opened part of San José’s...

How to Choose a Smartphone by Brand, Carrier or Features

Choosing a new smartphone for yourself can be a...

The long weekends in Costa Rica in 2023

QCOSTARICA - In 2023 there will be seven long...

Summer vacations almost over: return to classes is on Feb 6

QCOSTARICA - Next Monday, February 6, the 2023 school...

Dollar Exchange

¢549.76 Buy

¢557.40 Sell

31 January 2023 - At The Banks - BCCR

Paying the bills


QCOSTARICA – The Banco Central de Costa Rica (BCCR) – Central Bank – continues its policy of intervention, in an effort to stop the rise in the dollar exchange.

On Wednesday, October 28, the Central Bank injected US$13 million dollars in the Foreign Currency Market (Monex), after the previous day making the biggest intervention of US$42 million dollars.

- Advertisement -

The Central Bank has intervened with US$61 million this week.

But, despite the efforts the price of the dollar continues skyrocketing, this morning the Central Bank posting the exchange rate at ¢605.45 for the buy and ¢611.93 for the sell.  At the Monex on Wednesday the sell had risen ¢608 and buy ¢616; while most banks, both private and state, have posted their sell at ¢603 and buy ¢616.

The exchange rate is under upward pressure due to the uncertainty of the country’s situation both in the future of negotiations with the International Monetary Fund (IMF) and the dialogue table, as well as the lack of foreign exchange income due to the decrease in tourists and Foreign Direct Investment (FDI).

And even, in some crazy case of facing problems, the Central American Bank for Economic Integration (CABEI) recently offered access to US$200 million as part of a program they offer for the region to provide resources to international monetary reserves, still without a response from our country.

- Advertisement -
Paying the bills
Avatar photo
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

In Costa Rica: dollar collapses and prices remain high?

QCOSTARICA - The dollar exchange has fallen ¢32 colones so far...

Government will take measures against the drop in the dollar exchange rate

QCOSTARICA - Given the behavior of the dollar exchange rate, Costa...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.