Costa Rican stock exchanges operate in exchange market
They could participate as one more entity in the Foreign Currency Market, buying and selling Currency.
Monday, November 24, 2008
A resolution by the National Council for the Supervision of the Financial System (Conasif) allows for the expansion of the services offered by the exchanges to clients. Now their clients have the option of buy or selling dollars to these entities.
Starting January anyone that is properly registered will be able to buy or sell their dollars directly in Monex-Central Directo.
Starting today, there is no entrance fee for participating in the wholesale dollar market.
Starting October 5, the entrance fee for the wholesale currency market Monex will be waived.
The BCCR is pushing for greater participation in the wholesale money market known as the Foreign Exchange Market (Monex).
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