Wednesday, 8 July 2020

Prepare to stop using ¢50,000 bills

(QCOSTARICA) Good chance you’ve used them sparingly, even less of late or may have never. We’re talking about the ¢50,000 colones banknotes that will soon be extinct in the market, according to the Central Bank.

Given the growth of digital transactions, cash is used less and less, argues the Central Bank in its decision to pull from circulation a bill that specifically created for large cash transactions.

Added to the low demand, inflation that is currently below 3%, contrary to when it started circulating (it was in double digits), the 50K is less and less used. In fact, the Central Bank stopped issuing new bills in 2018.

- paying the bills -

Although the Central Bank did not indicate a specific date when it would stop circulating, saying only it would be soon.

- paying the bills -
- paying the bills -
Q Costa Rica
Q Costa Rica
Reports by QCR staff

Related Articles

Central Bank defines maximum interest rate for credit cards

(QCOSTARICA) The Banco Central de Costa Rica (Central Bank) published early...

Central Bank withdraws ¢50,000 banknote from circulation

(QCOSTARICA) You hardly see them in circulation. They are not dispensed...

MOST READ

Number of COVID-19 patients doubled in two weeks of disobedience

(QCOSTARICA) on Father's Day, Sunday, June 21, and with 15 weeks into the pandemic, the Ministry of Health, reported 2,213 confirmed cases of COVID-19...

Expert: “there is no going back with community transmission”

(QCOSTARICA) Epidemiologist Guiselle Guzmán warned that it is necessary to pass all four phases of a pandemic for COVID-19 to become a seasonal coronavirus...

3rd death by COVID-19 today Monday: total now 23

(QCOSTARICA) The number of deaths increased today, Monday, July 6, 4 months after the first case of COVID-19 in Costa Rica, to 23, with...

BAC layoffs 373, closing 11 branches and 79,789 credit card accounts

(QCOSTARICA) BAC Credomatic announced this Thursday, July 2, the layoff of 373 employees, the closing of 11 branches or points of service and will...

US Embassy schedules flights to repatriate its citizens in Costa Rica

(QCOSTARICA) The United States Embassy in Costa Rica has scheduled flights so that its citizens can return to their country in the coming days,...

Neither more deaths nor growth of COVID-19 infections slow down the “fiestas”

(QCOSTARICA) In just six days in July, seven deaths were reported in Costa Rica, associated with COVID-19, the week prior there were 4, for...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.