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 Administrative Tribunal of Costa Rica has rejected a suit by the National Stock Exchange (BNV in Spanish).
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 Central Bank of Costa Rica has increased interest rates on savings offered by the electronic platform Central Directo .
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.
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