Reserve Investment
The Banco Central
de Costa Rica (BCCR)
-Central Bank - stepped
up the security measures
to invest foreign
currency reserves.
The Bank decreased from
six to three months the
investment term of what
is called the “liquid
stretch” of the
reserves, and increased
the rating that the
institutions in which
investment is made from
“A+” to “AA”, which are
safer, according to
international qualifying
agencies.
The measures are aimed
at increasing security
in the preservation of
those funds in view of
the turmoil in
international markets,
said bank manager Roy
Gonzalez. |
