The Tico TimesCosta Rica’s Central Bank Sets New Dollar-Buying Record as Colón Hits Historic Lows
The Banco Central de Costa Rica (BCCR) has broken its all-time annual record for exchange-rate stabilization under the managed-float regime in place since 2015, intervening more aggressively in the foreign exchange market than in any full year since the system was adopted. Between February 19 and May 18, the BCCR purchased $774 million on the […]
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Costa Rica's Central Bank Sets New Dollar-Buying Record as Colón Hits Historic Lows : The Tico Times | Costa Rica News | Travel | Real Estate
Costa Rica's BCCR bought $774M in just three months to slow the colón, breaking its 2017 annual record as the dollar fell to a historic ¢453.20.