Tuesday 6 June 2023

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


Chinese tourism seduces Costa Rica

Q COSTA RICA - "China exports tourists in enormous...

It’s now the “White Cross” in Nicaragua

Q24N (EFE) The National Assembly of Nicaragua urgently dissolved...

Panama’s Martinelli running for president while he waits to see if he’ll be convicted of money laundering

Q24N (EFE) Ricardo Martinelli, president of Panama between 2009...

What is the best airline of 2023?

Q TRAVEL (CNN Español) Air New Zealand, whose budget...

Rincón de la Vieja volcano maintains activity

Q COSTA RICA - The Rincón de la Vieja...

What is the blue economy and why is it important for Latin America?

Q REPORTS (BBC Mundo) We are talking about the...

Ortega green lights arrival of military personnel and aircraft from Russia, Cuba, and Venezuela

Q24N (EFE) Daniel Ortega, the president of Nicaragua, has...

Dollar Exchange

¢536.71 BUY

¢544.28 SELL

6 June 2023 - At The Banks - Source: BCCR

Paying the bills


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
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

Costa Rica: Dollar will continue to fall

QCOSTARICA  - If you are thinking of traveling or making an...

Subscribe to our stories

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

%d bloggers like this: