American Expatriate Costa Rica

English-language news and information on Costa Rica

  • Home
  • Original Articles
  • News Reports
  • Book Reviews

MEIC asks businesses to use correct exchange rate

February 14, 2014 by Staff News Writer

Merchants need to collect the reference price announced by the Central Bank. CRH


Authorities with the Ministry of Economy, Industry and Commerce (MEIC) are reminding merchants that advertise prices in dollars and foreign currency to use the reference value for currency exchanges established by the Central Bank of Costa Rica (BCCR). The exchange rate comes into play when consumers pay or receive change change in colones. Those that fail to use the correct rate may face sanctions under an executive order. The rule applies to all kinds of goods of services, including tourism.

Source crhoy.com

Related articles:

  1. Central Bank intervened with $4.9 million to stabilize dollar market
  2. Central Bank could remove the exchange rate bands to control the dollar, says economist
  3. Central Bank has $7.2 billion in reserves to prevent steep rise in dollar
  4. Rodolfo Piza proposes eliminating band system for dollar exchange
  5. Dollar price reaches 512.11¢ on Wednesday
  6. Dollar closed at ¢528.93 (Sell Colones) on Thursday

Filed Under: News Reports

SIGN UP FOR AMERICAN EXPATRIATE IN COSTA RICA

It's free, we respect your privacy and you can unsubscribe at any time.

Connect with Social Media

  • Email
  • Facebook
  • RSS
  • Twitter
Follow @expatcostarica

Search Articles and News Reports

Articles by Publication Date

June 2025
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« Apr    

News Summary

U.S. President Orders Navy Task Force to Caribbean to Counter Venezuela Threat

Costa Rica Government Silent on Travel Ban with Just 13 Days Left

News Summary

Legislators approve moratorium for registration of shareholders

President confirms gasoline give away for ethanol pilot project

Chinese company sells low cost smart phones in Costa Rica

Search continues for small plane missing in Drake

Farmers will march to the Ministry of Agriculture

IMN warns of dangerous UV radiation this Friday

Copyright © 2010 to 2025 · Link to Legal Notices and Privacy Policy