Last week, the Central Bank purchased $80 million in the wholesale market.
The abundance of dollars pushed back the price of the currency to ¢ 500.
Also, this week the public sector decreased the quantity demanded of foreign exchange.
According to data published by the Central Bank on its website, in the four weeks preceding the public sector bought an average of $ 11.8 million a day. Between Monday and Thursday of this week, fell to $ 4.8 million.
Whenever the Central Bank purchases currencies to prevent the price from falling out of ¢ 500 colones limit, you can expect inflation to go up.
[Source: Originally reported by Nacion.com]
The Costa Rica News (TCRN)
San Jose Costa Rica