BCCR Decision Causes Dollar to RiseMarkets closed with the dollar at ¢518.34, ¢7.88 higher than the day before, after the Costa Rican Central Bank's (BCCR) decision to increase foreign exchange reserves.Friday, September 3, 2010 ![]() Since the BCCR announced the news, the dollar's price increased steadily, reaching a high of ¢523,01 before finally closing at ¢518.34. Source: Nacion.com BCCR Could Intervene More in Currency MarketJune 2010 The new head of the Central Bank of Costa Rica (BCCR), announced he is pondering the possibility of intervening between the currency bands. Costa Rica DollarizationSeptember 2010 Fluctuations in the exchange rate in recent weeks are forcing the possibility to be seriously considered. From Currency Bands to Floating CurrencyJune 2010 In its Inflation Report for May 2010, the Central Bank of Costa Rica announced the gradual shift from the existing current currency bands system to a flotation regime. Devaluation Complicates Tourism in Costa RicaNovember 2010 Two thirds of the country's tourism businesses have been negatively affected by the 15% increase in the value of the Colon. |
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