Thursday 19 May 2022

Prepare to stop using ¢50,000 bills

Paying the bills

Latest

Jill Biden visits Costa Rica this weekend

QCOSTARICA - The first lady of the United States,...

Rodrigo Chaves and journalists clash for the truth. Who is lying?

QCOSTARICA - In the second week of the new...

Gasoline would drop by ¢28 and diesel by ¢43 due to changes in Aresep’s methodology

QCOSTARICA - As the headline reads, we are in...

President: If the extension of ruta 27 is in the contract “we will enforce it”

QCOSTARICA - What will happen to the expansion of...

If Latin America has a commercial capital, it is Miami

Q REPORTS (Economist) For Joan Didion, an American essayist,...

Pilar Cisneros: “The government should be totally open to the press”

QCOSTARICA - The press must have access to public...

Arrival of tourists from the U.S. and Europe recovers

QCOSTARICA - Costa Rica registered for April 2022 the...

Dollar Exchange

¢670.23 Buy

¢675.98 small> Sell

19 May 2022 - At The Banks - BCCR

Paying the bills

Share

(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.

- Advertisement -

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.

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

- Advertisement -
Paying the bills
Q Costa Rica
Reports by QCR staff

Related Articles

Dollar exchange reaches ¢680 at banks

QCOSTARICA - The dollar exchange reached, on May 11, ¢680 for...

Borrowers in dollars with income in colones face greater difficulties in paying their loans

QCOSTARICA - Borrowers in dollars who earn in colones face greater...

Subscribe to our stories

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