Saturday 25 June 2022

Dollar exchange drops ¢10 colones

Experts expect that there will continue to be an increase in the demand for dollars

Paying the bills


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Dollar Exchange

¢689.88 Buy

¢695.55 small> Sell

25 June 2022 - At The Banks - BCCR

Paying the bills


QCOSTARICA – The “yo-yo” dollar exchange took a nosedive in the last several days, falling ¢10 colones at commercial banks following last week’s massive intervention by the Banco Central (Central Bank).

This Tuesday, the reference exchange rate was set by the Central Bank at ¢683.01 for the buy and ¢688.00 for the sell.

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At the commercial banks, the sell ranges from ¢688 to ¢693.

The dollar exchange at commercial banks this Tuesday morning. Source Central Bank

Last week, the sell reached ¢700 at one private bank, while most others, including the state banks, it was between ¢698 and ¢699.

The dollar exchange at commercial banks on Friday, June 3. Source Central Bank

Despite the intervention of millions of dollars by the Central Bank in the Foreign Currency Market (MONEX) to stabilize the exchange rate, economist, Gerardo Corrales, expects that there will continue to be an increase in the demand for dollars.


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Paying the bills
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