Costa Rica's Central Bank to limit short-term investment holdings

The Central Bank of Costa Rica (BCCR) will reduce the maximum amount of holdings of "Overnight Deposits" and "Term Electronic Deposits" by one individual.

Thursday, June 19, 2008

In a notice on its web page, the bank advises that a person or corporation will be limited to holding a maximum of five billion colons (about 9.6 million dollars) of short-term notes with expiry dates of between one and 30 days.
The new measure will be implemented over the next two weeks. Details are available from the central bank's web site,

More on this topic

Liquidity Management Restricted to the BCCR

October 2011

The Administrative Tribunal of Costa Rica has rejected a suit by the National Stock Exchange (BNV in Spanish).

Since the Costa Rican Central Bank (BCCR) created a market for liquidity (MIL) in 2009 to negotiate short-term operations, the interbank market (MIB) operated by the National Stock Exchange for the same purpose, has been affected, as the BCCR’s intention is that all transactions be done on its system, so that there will be better control of financial system liquidity, and hence inflation.

Costa Rica: Rates in Central Directo Go Up

March 2012

This is the fifth time in which the central bank has varied the rates paid to savings deposited electronically using Central Directo so far in 2012.

The rate paid in terms of 270 to 359 days increased from 7.55% to 8.05%, for terms of 360 to 1079 days the rate went from 8.05% to 8.55%, from 1080 to1799 days it changed from 8.75% to 9.75% and thereafter, from 9.1% to 10.1%.

Central Directo in Costa Rica Raises Interest Rates

February 2012

The Central Bank of Costa Rica has increased interest rates on savings offered by the electronic platform Central Directo .

From the press release by the BCCR:


San Jose, February 7th , 2012
Interest rates - electronic deposits

We inform you that the electronic deposit rates to term have changed, as per the following:

New Rise in Central Direct’s Interest Rates

February 2012

Less than a week after the last rise the Central Bank of Costa Rica has again increased interest rates on deposits offered by the electronic platform Direct Central.

From the BCCR’s press release:

San Jose, February 14, 2012
Interest rates - electronic deposits

We report that the electronic deposit rates to term have changed as follows:

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