Insidecostarica.com | Costa Rica Daily News and Information

Dollar Near The Floor

For those of you keeping an eye on the dollar you will not that it has almost hit the floor of the exchange rate band.

The Banco Central de Costa Rica (BCCR) pegged the buy rate at ¢508 and the sell at ¢518.24.

The floor of the band is ¢500.

You have to remember that not long ago the dollar was trading around the ¢580 mark.

So what happened? And what is happening? These are questions with no easy answers.

We have heard all sorts of stories about why the dollar has dropped so much, some even made sense at the time, but not much any more.

We, as the experts, have no clue of what is really going on.

We urge you to write in and share your special knowledge and understanding of what might be going on.

Send your letters to: [email protected]

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