American Expatriate Costa Rica

English-language news and information on Costa Rica

  • Home
  • Original Articles
  • News Reports
  • Book Reviews

NR demands explanations from Central Bank regarding exchange rate increase

October 31, 2018 by Staff News Writer

The National Restoration Party (PRN) made an urgent call for the president of the Central Bank, Rodrigo Cubero, to explain the situation of the dollar as well as the market projections.

The sale of the currency reached ¢629 on Thursday.

The head of fraction Carlos Avendaño said that this rise generates an impact on the pocket of Costa Rican families, mainly those who have to pay loans in dollars.

Restoration estimated that if a person has to disburse $280 per month to finance a vehicle, they will have to add ¢20 thousand more, which would mean $32 dollars more with the current exchange rate.

According to data from the Central Bank, on the Foreign Currency Market (Monex), the colón has depreciated by 9% in the last 10 months. The exchange rate began a rising trend in mid-August, but increased more rapidly since September 13th.

crhoy.com

Related articles:

  1. Central Bank intervenes with $31 million in defense of the exchange rate
  2. Central Bank wants to change the calculation of the exchange rate
  3. Central Bank Sells $37 million in USD to stabilize exchange rate
  4. Ombudsman asks Central Bank for explanations
  5. Exchange rate rises and will continue to rise
  6. Exchange rate slows down

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