Currency Exchange to be Chosen for Juan Santamaría

Following the ending of the contract with the company Exact Change, which offers the service of exchanging currency, Aeris Holding Costa Rica has started procedures for selecting a new provider.

Tuesday, March 17, 2015

The company managing Juan Santamaria International Airport announced the end of the contract with the Spanish exchange services provider Exact Change, due to the fact that it has not completed the process of registering with the Central Bank of Costa Rica and the Superintendent of Financial Institutions. Therefore preparations are being made, for the coming months, to release specifications for a new tender for the service.

Fernando Soto, Inspector General of Concerned Body for Finance and Restructuring Management at the airport told Crhoy.com that "... The reasons given resulted in Aeris terminating the contract with the company and it is currently initiating procedures for a new contest "" ... Meanwhile, the company Global Exchange Casa de Cambio will continue to provide the service of exchange at the airport. "

"... In 2014, the Consortium Exact Change won the DC-14-04 contest to operating exchange services, for which it signed a contract with Aeris on 27 November."



More on this topic

Nicaragua: New Regulations for Exchange Bureaus

March 2020

Henceforth, the Central Bank will be responsible for issuing operating licenses for exchange bureaus and remittance service providers operating in the country.

Resolutions CD-BCN-LIX-1-19 and CD-BCN-LIX-2-19 were published in the Official Journal, La Gaceta, on March 19, 2020, by which the Board of Directors of the BCN authorized the "Regulations for Providers of Foreign Exchange and/or Purchase Services" and the "Regulations for Remittance Payment Services", respectively, reported the Central Bank of Honduras.

Brazilians to Manage Airport in Costa Rica

June 2018

Grupo CCR, which already owned 49% of Aeris, concessionaire of the Juan Santamaría airport, has now acquired 97% of this firm and will be in charge of the management of the air terminal.

Elfinancierocr.com reports that "... The control that the CCR Group will now have at the airport will not harm the running of the air terminal. This means that neither the airlines nor the companies that currently work on the property will be negatively affected in any way, according to Rafael Mencía, Aeris' executive director."

More and More Stock Brokers in Panama

October 2012

Their number has doubled in the past six years, and there are currently 75 companies managing a total of more than $18 billion in assets.

Capital.com reports that "In 2000 only 20 brokerage houses operated in the country, by 2007 the number had climbed to 40 and as of August this year the figure reached 75."

Competition for Currency Exchange Shops in Tocumen

October 2012

Travelex from the UK and Credicorp Bank from Panama are the two companies participating in the tender procedure for the installation of three local money exchanges at the International Airport.

Today will see the opening of the bids submitted by Travelex and Credicorp Bank to obtain a concession for 10 years, with a base price stipulated by Tocumen SA, of $1.35 million.

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