Thursday 25 April 2024

Dollar Exchange Continues Its Upward Climb

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Dollar Exchange

¢498.48 BUY

¢504.43 SELL

24 April 2024 - At The Banks - Source: BCCR

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The Banco Central de Costa Rica (BCCR) – Central Bank – intervened Wednesday with US$39.8 million dollars in the Monex wholesale market to stabilize the exchange rate, the highest in one single day since September 25, 2013, when it sold a record US$57.4 million of its dollars.

Last week the Cental Bank stepped in four times (Monday, Tuesday, Wednesday and Thursday) with US$104 million dollars.

Despite the efforts of the Central Bank, the dollar exchange continues to rise.

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During trading Wednesday in the Monex the dollar averaged ¢560.25, some ¢10 colones higher than last Friday (Feb. 28).

The colon has experienced a devaluation of 11.3% since the start of the year.

The official exchange rate set by the Central Bank this morning is ¢549.43 for the buy and ¢564.17 for the sell.

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"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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