Saturday 25 June 2022

UCR affirms that a strong intervention on the exchange rate is inconvenient

Paying the bills


Tourism confirms that regulations for the Digital Nomads Law are ready

QCOSTARICA - The Minister of Tourism, William Rodríguez, confirmed...

Vandalism delays completion of Circunvalacion Norte

QCOSTARICA - The opening of the new section of...

Alert raised for rains

QCOSTARICA - The Comisión Nacional de Emergencias (CNE) -...

Sexual orientation second in most discrimination in Costa Rica

QCOSTARICA - Sexual orientation is the second topic that...

15 Best All-inclusive Resorts in Costa Rica 

Costa Rica lies in Central America with a shoreline...

How To Play Safely At A Polish Online Casino

The Internet can be a scary place for people...

National Roads Have A Year Without Maintenance

QCOSTARICA - Today, Friday, June 24, marks an exact...

Dollar Exchange

¢689.88 Buy

¢695.55 small> Sell

25 June 2022 - At The Banks - BCCR

Paying the bills


QCOSTARICA – The Institute for Research in Economic Sciences of the University of Costa Rica (IICE-UCR) mentioned that it is not recommended that the Central Bank of Costa Rica (BCCR) carry out strong interventions in the exchange rate, even if it has sufficient reserves to do so.

According to experts from the state university, the Central Bank should only intervene if there are sudden changes in the foreign exchange market. They assure that the recent increases in the exchange rate will continue slowly.

Read more: Central Bank contradicts Chaves on dollar reserves

- Advertisement -

Juan Robalino, director of the IICE, expressed that the task of the Central Bank should be limited to avoiding instability in the Foreign Currency Market (MONEX).

Robalino commented that current inflation largely responds to a strong increase in demand and a decrease in the supply of key goods and services for production, tied to world economic conditions.

This Thursday, the dollar exchange reference rate by Central Bank is ¢676.06 for the buy and ¢681.81 for the sell. At the commercial banks, the sell rate is being quoted between ¢684 and ¢686.




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

Related Articles

Selling price of the dollar exceeds ¢700

QCOSTARICA - The millions of dollars invested (spent) by the Central...

Exchange rate reaches a new high of ¢694.43 in the wholesale market

QCOSTARICA - Despite an injection of US$32.1 million from the Banco...

Subscribe to our stories

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