Sunday 20 June 2021

Dollar Exchange Keeps Climbing, Surpassing ¢530 Thursday

The dollar exchange continues its upward trend, closing Thursday at ¢529.39 for the buy and ¢533.25 for the sell, a few colones higher than at the start of the day.

Add to that the rise on Wednesday of another ¢5.38 colones, the exchange is well on its way to ¢600 colones in the coming months, so say financial experts.

One of the main causes for the increase is the decision of the U.S. Federal Reserve to inject less dollars monthly in the U.S. market.

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Costa Rica’s Banco Central (Central Bank) says it does not rule out an intervention, if and when necessary, to stabilize the exchange rate.

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FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

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.

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