For many years, the value of Costa Rica´s currency, the colon, was defined in relation to the US dollar in an unusual arrangement best known as a “crawling peg.” The official exchange rate would change daily, with a steady devaluation at an overall rate of approximately 3.294 colones a month. However, the weakness of the [...]
Posts Tagged ‘Currency’
New Medicine for the Exchange Rate Headache
Posted in Costa Rican Law, tagged Currency, Exchange Rates, Finance on June 2, 2008 | Leave a Comment »
