Central Bank Buys Fewer
Dollars
The Banco Central de
Costa Rica (BCCR) -
Central Bank - has
lowered the purchase of
U.S. dollars so far this
year.
This decrease in
participation in the
exchange market comes
with lower interest
rates for investment in
securities.
The Bank lowered its
interest rates In order
to discourage the
arrival of speculating
capitals, which bring to
bear pressure on the
colon, so that the
dollar recovers and the
rate of exchange
increases. |
|
