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COSTA RICA |
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Dollar Keeps Spiraling Downward
The US dollar is continuing its drop agains
the Costa Rican colon, this week alone the
exchange rate has dropped ¢6 colones from
Monday to today's posting and ¢23 colones in
the past month.
The buy rate today as set by the Banco
Central de Costa Rica (Central Bank) is
¢553.47 as compared to ¢559.60 on Monday,
¢577.05 on October 27 and ¢581.87 on
September 27. The sell rate today is
¢563.31, compared to ¢569.64 on Monday,
¢586.74 on October 27 and ¢591.57 on
Septmber 27.
Experts believe the trend will continue
downwards before the dollar begins to
rebound.
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