Thursday 9 February 2023

Economist warns that the fall of the dollar would cause national products to be more expensive than imported

Not only the tourism and export sector affected

Paying the bills


Chaves on the Chinese balloon: “We hope it does not happen again”

QCOSTARICA - President, Rodrigo Chaves, reacted this Tuesday to...

Dollar exchange rose again this week

QCOSTARICA - To the relief of many, and not...

US announces more security support for Costa Rica for the fight against drugs

QCOSTARICA - The United States announced on Tuesday the...

China says Latin American countries ‘understand’ ‘spy balloon’ situation

Q REPORTS (EFE) The Chinese government affirmed that the...

These are the new reforms of the Simplified Tax Regime in Costa Rica

QCOSTARICA - On March 1, 2023, the new reforms...

El Salvador has the lowest homicide rate in all of the Americas, even below Canada?

Q24N (EFE) The President of El Salvador, Nayib Bukele,...

China apologizes to Costa Rica for balloon flyover

QCOSTARICA - You have most likely heard about the...

Dollar Exchange

¢577.12 Buy

¢586.15 Sell

8 February 2023 - At The Banks - BCCR

Paying the bills


QCOSTARICA – Economist, Gerardo Corrales, warned that the drop in the dollar exchange rate would not only affect the country’s tourism and export sectors, but also national producers.

According to his analysis, in five months Costa Rica has been the country in the region that has become more expensive, with a variation of the Real Exchange Rate Index of -12.2; while for Colombia the result is 17.9%.

- Advertisement -

What causes this? Corrales, speaking to Monumental Radio, indicates that some national products could be more expensive than imported ones.

The expert commented that this situation would affect unemployment levels.

The Banco Central de Costa Rica (BCCR) – Central Bank o- asked the population and economic sectors for “tranquility” in the face of the recent downward behavior of the dollar exchange rate.

So far this year, the dollar has had a decrease of almost ¢30 colones. It opened the year, on January 1 at ¢594.17 for the buy and ¢601.99 for the sell. This morning, January 20, the Central Bank reference rate is ¢565 and ¢570.17, respectively.



- 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

Dollar exchange rose again this week

QCOSTARICA - To the relief of many, and not so much...

Dollar increased ¢14 in four days

QCOSTARICA - And we're back to the rollest coaster dollar exchange....

Subscribe to our stories

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