Friday 27 January 2023

Central Bank withdraws ¢50,000 banknote from circulation

Paying the bills


Costa Rica in 2022 recovered 75% of tourists who visited the country prior to the pandemic

QCOSTARICA - Costa Rica closed the year 2022 with...

Costa Rica to normalize consular relations with Venezuela

QCOSTARICA - The government of Rodrigo Chaves will start...

Why do you have to be at airport 3 hours before?

QCOSTARICA - Two hours for a domestic flight and...

In Costa Rica: dollar collapses and prices remain high?

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

Unemployment and cost of living are the main challenges in 2023

QCOSTARICA - The only way to alleviate the rise...

Refugees must apply within a month of arrival, warns Immigtation

QCOSTARICA - People seeking refuge in Costa Rica must...

Bivalent vaccine boosters against Covid-19 will arrive earlier than expected

QCOSTARICA - Bivalent Covid-19 vaccines for adults will arrive...

Dollar Exchange

¢556.75 Buy

¢563.87 Sell

27 January 2023 - At The Banks - BCCR

Paying the bills


(QCOSTARICA) You hardly see them in circulation. They are not dispensed at ATMs. About the only way to get your hands on one specifically from a bank teller. So, it is no surprise the announcement from the Central Bank to remove it from circulation.

The ¢50,000 banknote was introduced in 2012. Low demand is among the reasons for its withdrawl from the financial system

That is the ¢50,000 banknote introduced in 2012.

The Central Bank explained that among the various reason for the removal from circulation is,  to low inflation, high bank penetration (people are using plastic even more now), low demand, and the risk of being used in illicit activities.

- Advertisement -

Although it was made official public today, June 4, the Central Bank stopped issuing new ¢50,000 bills since October 2018.

In the statement, the Central Bank explained that the denomination will maintain its value as a means of payment in the national economy.



- 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

The dollar exchange fell ¢23 so far this year

QCOSTARICA - People who have loans in dollars or who pay...

2022 closes with the most atypical behavior of dollar exchange in recent years

QCOSTARICA - The war between Ukraine and Russia, the cost of...

Subscribe to our stories

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