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COSTA RICA |
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Dollar Keeps Dropping, No Rebound Expected
Today
The US dollar has been dropping all week and
experts day the spiral downward will
continue for the rest of the month,
recovering in December.
The dollar opened on Monday with an exchange
rate of ¢568.45 for the buy and ¢578.17 for
the sell as posted by the Banco Central de
Costa Rica (BCCR) - Central Bank.
This morning, the Central Bank set the rate
for the dollar at ¢559.46 for the buy and
¢569.83 for the sell, or ¢8.99 and ¢8.34
less, respectively.
The falling during the week and then
recovering on Friday was a trend for the
last two weeks. However, there are no signs
that there will be recovery today.
Experts of INS Valores expect that the
exchange rate will climb next month possible
to the top of the exchange band, ¢600
colones, but more likely to settle somewhere
between that and ¢570 colones.
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