BCCR Could Intervene More in Currency Market

©image: CentralAmericaData.COM

Rodrigo Bolaños, new head of the BCCR, explained that the measure will seek to eliminate abrupt variations in the currency exchange rate.

According to an article in Prensalibre.com, “the bank could intervene when the exchange rates varies more than 5% in one day. However, Bolaños explained that this is just a possibility, as nothing has been decided yet”.

Source: prensalibre.co.cr

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