With the introduction of the new
currency exchange system we
would like to here what you have
to say about it.
Send us your letters.
We will be publishing them
during the coming days.
New
Exchange System Begins Today
Beginning today there is a new
exchange rate system in Costa
Rica, as the Banco Central de
Costa Rica (BCCR) - Central Bank
- announced last Friday evening
that individual banks would be
allowed to set their own
exchange rate within a range of
low and high, known in Spanish
as "banda cambaririas".
All eyes will be on the
banking system today as
the new currency
exchange rates moves to
a free market system.
Individual financial
institutions, like
Scotiabank - the largest
private bank in the
country with its
acquisition of Banco
Interfin - are nw
allowed to set their
currency exchange rate
based on a range
established by the
Central Bank and market
conditions. |
Online Gambling Sites Operating
in Costa Rica Despite U.S. Law
Costa Rica Several operators of
Internet gambling sites in Costa
Rica known as "sportsbooks" say
their businesses will not be
significantly affected by a new
U.S. law prohibiting bank and
credit card payments to the
sites.
Spanish Woman Arrested Smuggling
Cocaine
Costa Rica's Policía de Control
de Drogas (PCD) - drug control
police - said on Monday that
they arrested a Spanish woman at
the Juan Santamaría (San
Jose's)International Airport,
who was trying to smuggle 9.6 kg
of cocaine out of the country.
October 23
& 24 Protest Action Being
Finalized
The Coordinadora Nacional de
Lucha contra el TLC (co-ordinator
in the fight against the trade
agreement) are finalizing their
plans for a national protest for
next week - October 23 & 24 -
when the country will supposedly
be paralyzed as the various
public institutions go on a
national strike.
NEWS FOLLOW UP:
"Quack
Doc" Pleads Guilty to Assault
Dean Faiello, a cocaine addict
who pretended to be a doctor
pleaded guilty Monday in
connection with the death of a
woman who died during a medical
procedure he was performing on
her in his Manhattan apartment
two years ago.
Murder Record in Guatemala
September marked the violent
murder record in Guatemala
capital with 239 assassinations,
the biggest rate in the last two
years.
Honduras, El Salvador Island
Dispute
The government of Honduras
expects to solve its dispute
with El Salvador over the rocky
Conejo island diplomatically.
Panama Canal, Uniting Two Oceans
More than 2.13 million
Panamanians have been called to
a referendum on October 22, to
decide whether to extend the
canal, one of the most important
engineering works of the 20th
century.
Venezuela, Guatemala Vie for UN
Seats
Venezuela and Guatemala are due
to compete in the General
Assembly Monday in what could be
the fiercest fight for a post at
the UN Security Council in
almost 30 years.
Ecuador Puts
Plebiscite to Vote
The president of the
Ecuadorian Electoral
Supreme Court (TSE),
Xavier Cazar,
Tuesday called for
people to vote on a
plebiscite convened
by the government
for December 26,
coinciding with the
second round of
elections in that
country.
PANAMA:
Campaign to Expand
Canal Spares No
Expense
With just a few days
to go before the
Oct. 22 referendum
on the future of the
Panama Canal, polls
are forecasting a
resounding victory
for the "Yes" vote
in favour of
expanding the
waterway.
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