More

    The dollar fell 7.63 ¢ this week

    Must Read

    Three Tico Teenagers Lead a Project that Benefits Vulnerable Women

    At 17 years of age, Pía Hernández, Nina Masís and Valentina Sosto created an innovative project that aims to...

    New Tico Electric Train’s Fare Payment Plan Begins

    The electronic charging system for the new electric trains begins a pilot plan process -controlled tests- in order to...

    Healthy Snacks at Home and Educational Centers

    With the return to classes, not only will the students' learning modality change, but also the way they eat,...
    TCRN STAFFhttps://www.TheCostaRicaNews.com
    Creating a Conscious alternative news network that we feel the world needs. Pura Vida!

    ColonesTCRN Staff

    The average price of the US dollar on the wholesale market fell on the 5th an additional ¢3.79, thereby accumulating in a ¢7.63 reduction in the last two days.

    On Monday, Tuesday and Wednesday, the price of the dollar rose almost ¢23, but in the last two days it ended down at ¢568.25, almost ¢39 below the maximum value or ” roof “of the trading band.

    In the band system, in force since October 2006, the Central Bank sells foreign exchange that are required in the wholesale market at the maximum price or “roof” of the band and buy everything you need at a minimum price or “floor” of the band.

    Thus, for the price of the currency remains within that band.

    Since Aug. 14, the central bank stopped selling foreign exchange in the wholesale market to defend the “roof” of the band.

    Since the beginning band system, this has been the longest period in which the Central Bank of Costa Rica is not involved in the wholesale market.

    On the 5th , the amount traded in this market was $16 million, more than the daily average of about $11 million traded during the rest of the year.

    - Advertisement -
    - Advertisement -

    Latest News

    Three Tico Teenagers Lead a Project that Benefits Vulnerable Women

    At 17 years of age, Pía Hernández, Nina Masís and Valentina Sosto created an innovative project that aims to...
    - Advertisement -

    More Articles Like This

    - Advertisement -
    Language »
    Be Part of the Community!
    Stay Up To Date And Connected

    and engage with likeminded folks on Costa Rica

     

    12 Years Changing The Way You Look At News!

    TCRN 12 years