Central Bank of Costa Rica opens exchange market to companies and individuals
Starting January anyone that is properly registered will be able to buy or sell their dollars directly in Monex-Central Directo.
Wednesday, November 26, 2008
This will be possible since the Bank decided to integrate the Foreign Currency Exchange Market (Monex) to the Central Directo platform, which until now was used by companies and investors to make deposits at the bank.
They could participate as one more entity in the Foreign Currency Market, buying and selling Currency.
Starting October 5, the entrance fee for the wholesale currency market Monex will be waived.
Starting today, there is no entrance fee for participating in the wholesale dollar market.
The BCCR is pushing for greater participation in the wholesale money market known as the Foreign Exchange Market (Monex).
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