Saturday 15 May 2021

We understand why older people like them more now

The humble paper "billetico" from '77 was more powerful than the millennial "plasticazo" of the new bills just out

QCOSTARICA – Costa Rica’s new twenty rojos* bill was rolled out, circulating in the country on Thursday. And though they may be flashier, made of resistant plastic, wholly millennial and shining (chaneado in Spanish), but it is not enough to buy as much as a ‘Tejita’ (little slice) paper note from the seventies.

Thanks to a digital tool from elfinancierocr.com, we were able to identify a ‘Tejita’ bill from the seventies, specifically from 1977, which represented the ¢20,000 colones plastics of today.

- Advertisement -

So far all equal.

However, at a closer comparison, in the seventies in Costa Rica, that humble 100 colones paper note from ’77, went a lot farther than the shiny, flashier, modern ¢20,000.

The new twenty rojo. Watch the video below.

A document entitled “Basic Costa Rican Basket”, published in 1980 by Sandra Murillo and Leonardo Mata, from the Health Research Institute of the University of Costa Rica (INISA), showed us the prices in Tiquicia in the Seventies.

- Advertisement -

More: Central Bank withdraws ¢50,000 banknote from circulation

In 1980, the dollar exchange was 8.5 colones to one US dollar. By the end of 1982, the Rodrigo Carazo, the exchange shot up to almost 40 colones to one US dollar.

In that golden age, for 5.45 colones (6 in rural areas) you could fill the shopping basked with a carton of milk, 30 eggs, meat, beans, a variety of fruits & vegetables, bananas and plantains, yuca (cassava), camote (sweet potato), ñampí (Chamol o Malanga), tiquisque elephant ear), rice, bread, tortillas, butter or oil, coffee, and even soft drinks.

Today, in 2020, that shiny new 20 rojos is not enough.

And that is why older Costa Ricans maintain a fondness for those old bills.

Costa Rica’s new money.

- Advertisement -

The ¢20,000 note went into circulation on November 26.

The features of Costa Rica’s new money.

The ¢10,000, ¢5,000, ¢2,000 and ¢1,000 will be in circulation in 2021.

*A rojo is used in Costa Rica to denote the ¢1,000 colones bill that is red in color

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Venezuela to introduce one million bolivar banknote

TODAY VENEZUELA – The Central Bank of Venezuela (BCV) announced Friday...

MOST READ

Costa Rica ranks first in human talent in Central America

QCOSTARICA - The Global Talent Competitiveness Index (IGCT) 2020 revealed that out of 132 countries, Costa Rica ranks 37th in human talent with a...

Farmer’s fairs remain fertile despite the effects of the pandemic

QCOSTARICA - Despite the effects of the pandemic, "ferias" (farmers fairs) that are a staple on weekends across the country, from small towns to...

Why Colombian protesters are taking to the streets

QCOLOMBIA – For the past two weeks, mass protests that started on April 28, have rocked Colombia, leaving at least 42 people dead and hundreds...

66% of ICU patients are under 60 years of age

QCOSTARICA - Sunday night, 432 of the 1,188 covid patients in hospital are in Intensive Care Units (ICU), after suffering complications from covid-19. In the...

Today’s Covid News: 32 deaths in the last 24 hours; 3,039 news cases

QCOSTARICA - Costa Rica reported this Thursday the highest number of deaths associated with covid-19 in a single day, since the start of the...

Natalia Carvajal tells of her arrest at San Jose airport with false proof of covid-19

Q MAGAZINE - he former Miss Costa Rica and television personality, Natalia Carvajal, broke the silence of her arrest several weeks ago at the...

Who are the richest entrepreneurs in the region?

QCOSTARICA - 2020 was marked as a complex year worldwide due to the Covid-19 pandemic, however, the following are entrepreneurs who were not only...

Three thousand hospitalized by the end of May, UCR projects

QCOSTARICA - On Monday, the Ministry of Health reported 1,280 people in hospital with covid-19, of which 466 of them in an ICU, aged...

A perfect storm: What’s behind the Colombia protests?

QCOLOMBIA – Colombia has been roiled by nationwide, anti-government protests for more than two weeks, with the city of Cali emerging as the epicenter. Protesters...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.