From the Central Bank of Costa Rica statement:

The Central Bank of Costa Rica informs the national market that it will hold an auction of Monetary Stabilization Bonds next Monday, June 17, 2019, and that in this event will make available to the public the following standardized series, whose characteristics are detailed below:

Zero-coupon Colon Monetary Stabilization Bonds

More on this topic

Strong BCCR Intervention to Maintain Exchange Rate  

September 2013

The Central Bank of Costa Rica has purchased $57 million in the wholesale market to keep the exchange rate from falling below ¢500 per dollar.

The operation is the second largest so far in 2013, after January 9, when the institution was forced to buy $78 million, and the first since August 19.

Currency Appreciation in Costa Rica

October 2012

While interest rates for local currency remains at current levels, dollars will continue to enter the Costa Rican economy, which will prevent its devaluation.

Analysts believe that in Costa Rica the exchange rate will remain near 500 colones per dollar at least until 2015.

Costa Rica´s Choice: Low Dollar or High Inflation

November 2010

The loss of competitiveness in exports and tourism generates unemployment, but intervening in the exchange rate will generate inflation.

There seems no good solution to the problem Costa Rica has with the appreciation of its currency, which has meant a loss of competitiveness of its exports, especially agricultural, by about 5% annually over the past 4 years.

Costa Rican colon to drop in value by year-end: analysts

May 2008

Though it may be too early to claim that the Costa Rican colon's exchange rate against the dollar has undergone a major change, analysts agree that this could be the beginning of a new tendency in the market that will lead to a depreciation in the currency's value by the end of the year.

Roy González, the central bank manager, said speculation was behind recent changes in the value of the colon.