Costa Rica Dollarization

©image: Quinn Dombrowski

This is what Luis Loría, director of Costa Rica's National Association for Economic Development (ANFE in Spanish), told a conference looking at the pros and cons of dollarization in the light of international experience.

Meanwhile the economist and ex trade minister, Alberto Trejos, argued that now is not the time to abandon the colón, Costa Rica's currency.

"The country has enough foreign exchange reserves to implement the change estimated Loría. However, Trejos took the view that taking into account the impact of the exchange process the reserves might not be sufficient," writes Leticia Vindas for Elfinancierocr.com.

Source: elfinancierocr.com

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