An opposition congresswoman from the ML political party submitted the proposal, which would “dollarize” the Costa Rican economy and take away some responsibilities from the Costa Rican central bank, such as that of regulating monetary policy.

Patricia Pérez from the PML highlighted the removal of the stealth tax, which is inflation, as the main advantage of the proposal. Inflation continuously erodes the purchasing power of salaries paid in Colones, the Costa Rican currency, she noted.

Source: Capitales.com

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