The credit dollar rate has increased consecutively in the last two weeks, due to a shortage of dollar liquidity, according to the Central Bank of Costa Rica (BCCR).
The cash rate in dollars rose 2.06 percent on June 2, the highest increase so far. In total, it has grown 0.13 percentage points since five weeks ago, when the rate was launched.
This indicator reflects costs banks have for receiving resources denominated in dollars. It is updated weekly.
According to Hairo Rodriguez, general manager of Cathay Bank, banks have placed a significant amount of credit in dollars, which has contributed to a relatively limited liquidity of dollars.
Source: La Nación.