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Costa Rica debates official use of U.S. dollar

Monday, June 10, 2013

Costa Rican economists are debating whether or not the country should accept the U.S. dollar as an official currency.

With more than 50 percent of the country's credits in dollars, and a constant flow of foreign capital, economists wonder if it's time to make the move.

Some 78 percent of private banks' lending was in dollars up to March this year.

Source (in Spanish): El Salvador