Sunday, 25 October 2020
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Local Currency Shortage Pushes Interest Rates Up

In Costa Rica, the government's strong need for financing and the Central Bank's exchange rate interventions have been putting pressure on the local financial market, pushing up passive rates in Colones. The decrease in liquidity in Colones generated by the pressure exerted by the government...

Costa Rica Dollar Exchange Falling

In the last three months, the exchange rate of the U.S. dollar against the national currency, the Colón, in the wholesale Monex market dropped from an average of ¢580 per dollar at the beginning of September, to ¢566 on November 27. The main reason behind...

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