At the end of 2018 and the beginning of 2019, the dollar price against the Colon reported an upward trend, but from February 6 to mid-June 11, there has been a fall of up to 26 colones per dollar.

See "Dollar Price Keeps Down”

In addition to the downward trend registered in the first half of this year, there is the possibility that many dollars may enter the economy during the second half of the year, as a result of the subscription of loans with international entities and the issuance of Eurobonds prepared by the Alvarado administration.

Elobservador.com reports that ".... Possible sudden or exaggerated decreases in the exchange rate of the dollar cause fear for the export sector, whose income is determined in this currency. Faced with the possibility of a high income of foreign exchange in the second half of 2019 - for the loans subscribed by the Ministry of Finance ($850 million) and the issuance of Eurobonds ($1.5 billion) - the export sector asked the Central Bank to reiterate "its commitment" to avoid distortions in the fixing of the exchange rate against the expected oversupply.”

Also see "Costa Rican Government Keeps Going into Debt" and “$1.5 Billion in Eurobonds Approved”.

In this regard, the business organizations Cadexco, Canapep, Canaba, Canapems and the Chamber of Coffee Exporters, made a statement in which they asked the Central Bank "... to avoid distortions in the fixation of the exchange rate for the oversupply of dollars coming from the sources of financing of the fiscal deficit, as long as the government decides to convert those dollars to colones."

See negotiation data in MONEX and exchange rates at the window.

Source: elobservadorcr.com

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