Bond Auction in Costa RicaThe Central Bank announced for June 17 two auctions of monetary stabilization bonds in the local market, for a joint value equivalent to $75 million.Tuesday, June 11, 2019
From the Central Bank of Costa Rica statement:
Read full statement (In Spanish). Strong BCCR Intervention to Maintain Exchange RateSeptember 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. Currency Appreciation in Costa RicaOctober 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. Costa Rica´s Choice: Low Dollar or High InflationNovember 2010 The loss of competitiveness in exports and tourism generates unemployment, but intervening in the exchange rate will generate inflation. Costa Rican colon to drop in value by year-end: analystsMay 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.
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