Costa Rica's monetary reserves fall by 99 million dollars
In less than two months the Central Bank of Costa Rica has seen a 10 percent reduction in its international monetary reserves.
Wednesday, June 18, 2008
Since April, when it reached its highest levels of reserves (4.937 billion dollars), it has fallen by 503 million dollars to 4.434 billion.
The Central Bank's international monetary reserves continued their descent from September 29 and October 3, falling by $92 million.
Central Bank reserves fell for the first time since November of last year to under $4 billion.
A record amount of $1.938 billion in gross international reserves has been recorded in the country, a reflection of the stability and economic growth in recent years.
A week after Antenor Rosales declared that international reserves "are not to be managed according to someone’s whims and preferences", he has been dismissed by President Ortega.
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