The issue and repayment of the Treasury Bills issued by the Central Bank in favor of the Ministry of Finance will not have an inflationary effect, that is, it will not cause an increase in prices, explained Eduardo Prado, manager of the Central Bank of Costa Rica. According to the hierarch, the expectation of a […]
What to expect from the exchange rate in the coming weeks?
The position of the Constitutional Chamber regarding the bill to Strengthen Public Finances (file 20.580) gave the economy a respite, since it reduced the uncertainty in families and companies. However, pressures on the foreign exchange market and interest rates will continue in the coming months due to the high financing required by the Ministry of […]
Exchange rate goes down to ¢607
Wednesday marked the third consecutive day of a decreased exchange rate in the Foreign Currency Market (MONEX), where the wholesale operations are quoted. At noon, the average exchange rate was around ¢ 600.05, which means the price of the currency dropped ¢9 that it had accumulated the previous week. According to economists consulted by CRHoy, […]
Government guarantees budget for 2019
With 48 votes in favor, the legislators approved in second reading the ordinary budget of the Republic for the fiscal year 2019, for 10.9 billion colones. This spending plan was processed under the file 20,964 of the ordinary and extraordinary budget. Last week, the first reading was held, with the support of 40 legislators and […]
Two legislators delay the final report of the Attorney General’s office on the case against Solís
Two legislators delay the final report of the Special Legislative Commission that investigated the case of the report of the Public Ethics Office (PEP) where the then president of the Republic, Luis Guillermo Solís, was exempted from lack of integrity in the case of Chinese cement and that arrived at the wrong time for legislators […]
Public employees will go on vacation on December 21st and return on January 7th
The employees of the public sector will go on vacation from December 21st and won’t go back to work until January 7th, 2019, according to the Presidential House. On Tuesday, the Council approved the directive that establishes the closing of the institutions of the central government and attached organs, autonomous institutions and public companies of […]