Central Bank Reports
Selling us$600 Million
In Reserves
The Banco Central de
Costa Rica )BCCR) -
Costa Rica's central
bank - sold us$600
million in international
reserves between April
and mid-June to boost
the colon currency, the
bank said on Wednesday.
The bank set a trading
band for the colon in
2006, and widened the
range in November with a
floor of ˘498.39 colones
per dollar and a ceiling
at ˘562.83.
The central bank pumped
us$47 million into
exchange markets in
April, us$373 million in
May and us$180 million
in the first two weeks
of June, the bank said
the statement.
The currency fetched
˘522.81 per dollar on
Wednesday, the central
bank said. |
