Monday 20 September 2021

Central Bank makes biggest intervention of the year on the dollar exchange

The Central Bank invested a total of US$41.9 million to try to curb pressure on the dollar exchange

Paying the bills

Latest

Today’s Vehicle Restriction September 20: Plates ending in “1 & 2” CANNOT circulate

QCOSTARICA - For today, Monday, September 20, despite being...

Athleta women’s brand opened its first store outside North America in Costa Rica

QCOSTARICA - Gap Inc.'s Athleta brand announced the opening...

Carlos Alvarado: Vaccine retention ‘delays global solution and increases risk of new virus variables’

QCOSTARICA - Costa Rica President Carlos Alvarado showed his...

Top 8 Ways To Make Money in 2021

There are many legal ways to make money in...

Otto Guevara compares Daniel Salas with a dictator for sanitary measures

QCOSTARICA - The vehicle restriction of odds and evens...

Today’s Vehicle Restriction September 19: “EVEN” ending plates CANNOT circulate

QCOSTARICA - For today, September 19, vehicles with EVEN...

What are we celebrating?

QCOSTARICA - From the gallows humor department is the...
Paying the bills

Share

QCOSTARICA – The Banco Central – Central Bank – made today, Tuesday, the single largest intervention in the Foreign Currency Market (Monex) so far this year, to try to alleviate the pressures that exist on the dollar exchange rate.

According to the information, the Central Bank invested a total of US$41.9 million, which makes it the single largest transaction carried out throughout the year.

- Advertisement -

The second of importance had been made on October 23 when it intervened with US$12.9 million.

The pressures on the dollar exchange rate have been increasing in recent weeks due to the reduction in the income of dollars as a result of the crisis in tourism and the drop in foreign direct investment, but above all due to the uncertainty of how Costa Rica will overcome the fiscal crisis.

For this Tuesday, the dollar exchange rate opened at ¢603, the buy, and ¢609 the sell. At 3:00 pm, the dollar exchange at State and private banks ranged from ¢600 and ¢603 for the buy and ¢614 to ¢616 for the sell. See here the latest exchange rates at financial institutions as reported to the Central Bank

Economists believe that the pressures for the currency to increase its value will continue to exist in the market until clearer signals are given by the government.

- Advertisement -
Paying the bills
Ricohttp://www.theqmedia.com
"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

Costa Ricans lose hope of a low dollar

QCOSTARICA - In December, Costa Ricans expected the dollar exchange rate...

TSE rules out political party donations in cryptocurrencies

QCOSTARICA - The Tribunal Supremo de Elecciones (TSE) - Supreme Elections...

Subscribe to our stories

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

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.