Costa Rica Currency Surge ‘Worrisome,’ Liberman Says
Vice President Luis Liberman said the rally in the nation’s currency, the world’s biggest gainer this year, is worrisome. He is working to curtail it.
Dollar Exchange Expected To Recover, Rises ¢10 Colones In A Single Day
During the past two months, the US dollar and Costa Rican colon exchange rate has been a “yo yo”, going up and down, at will and without sense or reason, as it fluctuates up to ¢10 colones in a single or more in a week. Such was the case on Monday, when the exchange rate moved from ¢559.69 for the buy and ¢570.07 for the sell to ¢569.58 and ¢579.73, respectively, this morning. The difference is ¢9.89 for the buy and ¢9.66 for the sell, in one single day. The exchange rate was at a low of ¢552.95 (buy) and ¢563.07 (sell) on December 1. Following increased that hit a hig
International Monetary Fund grants Costa Rica access to more millions
The International Monetary Fund (IMF) has made an additional $65 million available to Costa Rica, following a review of the terms of its standby loan, [More]
Gambling Companies Could Leave Costa Rica if Taxed
Following news over the past two weeks that the Government of Costa Rica is considering taxing online gambling firms operating in that country, operators have [More]
Proposed Tax on Gambling May Alter Online
As late Monday night turned into early Tuesday morning only a handful of gamblers occupied two of the six poker tables in the Horseshoe Casino [More]
Costa Rican Economy Recovering
Tuesday, an announcement by the heads of the Finance Ministry and Central Bank of Costa Rica (BCCR) states the Costa Rican economy is showing signs [More]