Tuesday 31 January 2023

The new Costa Rica banknotes

The current notes will continue in circulation until final withdrawal, a date for this is not yet defined.

Paying the bills

Latest

A promise: Starting in April, drivers will connect Ruta 32 and La Uruca in just five minutes

QCOSTARICA - With the objective of removing the largest...

Protect yourself from the Sun!

Protect yourself from the sun! The national weather service,...

Costa Rica’s US$160mn Circunvalación Norte

QCOSTARICA - Costa Rica opened part of San José’s...

How to Choose a Smartphone by Brand, Carrier or Features

Choosing a new smartphone for yourself can be a...

The long weekends in Costa Rica in 2023

QCOSTARICA - In 2023 there will be seven long...

Summer vacations almost over: return to classes is on Feb 6

QCOSTARICA - Next Monday, February 6, the 2023 school...

Dollar Exchange

¢549.76 Buy

¢557.40 Sell

31 January 2023 - At The Banks - BCCR

Paying the bills

Share

(QCOSTARICA) The Banco Central de Costa Rica (Central Bank) will put into circulation a new denomination of banknotes similar to the material used in the ¢1.000 notes currently in circulation.

The new notes are made of a polymer substrate, a compound similar to plastic, but which makes it recyclable. This material makes the notes more resistant and durable and will allow the material to be reused when they reach their useful life.

- Advertisement -

The new banknotes will be similar in size, shape and color of the notes currently in circulation, just they will have a different feel. They are ¢20MIL, ¢10MIL, ¢5MIL, and ¢2MIL.

“Although the new banknotes have adjustments in their design and in their structure of security measures to verify their authenticity and combat counterfeiting, they maintain the same characters, motifs, shades and sizes as those currently in circulation,” said the Central Bank.

The new notes will be hitting the streets in “the coming months” according to the Central Bank.

“Once the financial entities conclude the calibration of the banknote processing equipment, ATMs and other devices, necessary tasks for such equipment to recognize the new banknotes, a stage already in process,” the Central Bank said in a statement.

The ¢50MIL is being taken out of circulation. The others will continue in circulation until final withdrawal, a date for this is not yet defined.

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

Related Articles

The dollar exchange fell ¢23 so far this year

QCOSTARICA - People who have loans in dollars or who pay...

Economists point out 2022 was the year with the most atypical behavior of the dollar exchange rate

QCOSTARICA - The Colegio de Ciencias Económicas (CCE) - College of...

Subscribe to our stories

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