Central Bank of Costa Rica promotes participation in exchange market

The BCCR is pushing for greater participation in the wholesale money market known as the Foreign Exchange Market (Monex).

Monday, September 29, 2008

Two legal modifications are in process that will allow new participants to join the stock exchange system on their own and at their own risk; the other seek to expand the number of participants, to include others such as exporters and importers.
Participation in the exchange will be done via a modification of the rules for exchanges operations in cash that was submitted for public consultations.



Market Intelligence

Everything about exports and imports in Costa Rica.

Top companies - Quantities, amounts and prices.

more info

More on this topic

Dollar in Costa Rica: Wholesale Market Participants Excluded

June 2014

In an attempt to limit exchange rate volatility, the Central Bank has determined that non-bank public companies can no longer trade currencies in the Monex wholesale market.

As explained by the entity, the foreign exchange requirements of the Non Banking Public Sector will not be served directly by the BCCR using international reserves.

Central Bank of Costa Rica opens exchange market to companies and individuals

November 2008

Starting January anyone that is properly registered will be able to buy or sell their dollars directly in Monex-Central Directo.

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.

Costa Rica Formalizes Managed Floatation of Dollar

February 2015

The Central Bank of Costa Rica has officially eliminated the exchange rate band which has been in place since 2006, and let the exchange rate float, reserving the right to "participate in the market to prevent violent fluctuations".

From a statement issued by the Central Bank of Costa Rica (BCCR):

Dollar on the Rise Again in Costa Rica

July 2009

The exchange rate showed a strong rise in the MONEX wholesale market, once again colliding with the upper intervention limit.

An ALDESA report indicates that on July the 3rd, the average exchange rate was ¢577.93, and the following Monday it was ¢581.97, but, at the end of the trading session, a maximum of ¢586.05 was achieved.

 close (x)

Receive more news about Banking

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Partner needed for financing/construction in Punta Leona, CR

I have six building lots in the Punta Leona Resort ready for construction. I am looking for a partner to provide financing and or construction.
Wanted partner for financing and/ or construction in the...

Stock Indexes

(Feb 24)
Dow Jones
0.05%
S&P 500
0.15%
Nasdaq
0.17%

Commodities

(Feb 24)
Brent Crude Oil
56.31
Coffee "C"
146.25
Gold
1,258
Silver
18.375