Costa Rica Central Bank takes preventative measures
The Bank strengthened security measures that are applied to the management of international monetary reserves.
Tuesday, December 16, 2008
In September, the entity established a policy of not investing more than 6.5% of the total of the reserves with the same issuer. It has now reduced this to 5%.
Central Bank reserves fell for the first time since November of last year to under $4 billion.
The country's international monetary reserves were down $53.3 million last week, standing now at $3.931 million.
In less than two months the Central Bank of Costa Rica has seen a 10 percent reduction in its international monetary reserves.
The Central Bank's international monetary reserves continued their descent from September 29 and October 3, falling by $92 million.
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