Monday 22 December
2008, San José, Costa
Rica
New Ley de Tránsito
Goes Into Effect Jan 8
Arias Asks
Business Owners To Forgo Their Salaries
No More Temporary Plates
No Vehicular Restriction
Of San Jose During
Holidays
Common Currency
Likely in Costa Rica, Central America
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Common Currency Likely
in Costa Rica, Central
America
By Jagajeet Chiba,
Gambling911.com
Central American leaders
are pledging to create a
joint credit fund and
promote fiscal stability
to cope with the effects
of the world financial
meltdown.
The leaders say the fund
will go toward
developing their
impoverished economies.
They say investment
priorities will be in
infrastructure,
agriculture, commerce
and production. They did
not specify how the fund
would be financed.
They are also pledging
prudent monetary
policies and measures to
stabilize prices of
basic products.
Central American
governments are
concerned the financial
crisis will curtail
foreign investment and
the amount of money
their citizens abroad
send home.
Furthermore, the Central
American nations,
including online
gambling rich Costa
Rica, would like to
introduce a common
currency as well as
passport free travel
between each of the
nations in this region.
The eight regional
leaders earlier this
month vowed to promote
"a regional conscience
that instills people
with a sense of identity
and belonging to a
united Central American
region," including
"perfecting the issue of
a Central American
passport and the
adoption of a single
Central American
currency."
The presidents of
Honduras, Guatemala, El
Salvador and Nicaragua,
and representatives from
Costa Rica, Panama,
Dominican Republic and
Belize all agreed on a
41-point economic
blueprint to help the
region weather the
current global financial
storm.
Costa Rica and - to a
lesser extent - Panama
and the Dominican
Republic are home to
hundreds of online
gambling and sports
betting call centres.
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