Central Bank To Take ¢5, ¢10 and ¢20 Coins
Out Of Circulation
The Banco Central (Central Bank) has decided
to make life a little easier in Costa Rica
with the elimination the "plateado" (silver)
¢5, ¢10 and ¢20 coins.
The coins being removed from circulation are
large and heavy silver coins, not to be
confused with the smaller and lighter silver
coins of the same denomination.
The Central Bank estimates there are some
146 million of the coins in circulation.
Marvin Alvarado, director of the Central
Bank's treasury, said that the eliminatin of
the three coins will simplify the coin
system, having only one size coin for each
denomination.
The smaller silver coins are the same at the
gold coins of the same denomination and
include braille for easy identfication by
the blind.
Alvardao said merchants are asked to accept
the coins but not put them back in
circulation, handing them over to their
local bank, which in turns hands them back
to the Central Bank.
Currently there eleven (11) coins in
circulation: ¢5 (two in silver and one in
gold), ¢10 (two in silver and one in gold),
¢20, ¢25, ¢50, ¢100 and ¢500.
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