Drop in Rate of Exchange
Expected
The Spanish daily, La
Nación, reports that the
Banco Central de Costa
Rica (BCCR) - the
Central Bank - is
expected to further drop
the exchange rate by
another 4% in the coming
days.
The Central Bank
recently modified the
limits for the
dollar-colon rate of
exchange.
According to analysts,
the drop already
recorded below 500
colones per dollar is in
line with the true value
of the local currency.
They added that the true
value is closer to 400
than to the 519 it had
reached recently. |
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