Costa Rica’s Strong Colon Is Forcing Central Bank Action
The Banco Central de Costa Rica (BCCR) has ramped up its foreign exchange purchases this year to counter the colón’s ongoing appreciation against the U.S. dollar. With the exchange rate dipping to historic lows, the central bank’s actions aim to curb excessive strengthening of the local currency, which has sparked concerns among exporters and tourism …
Read more “Costa Rica’s Strong Colon Is Forcing Central Bank Action”
