Costa Rica launches new dollar-rate methodology
The Central Bank of Costa Rica has enforced a new methodology to calculate the reference exchange rate of the US dollar, and it has already showed results.
The bank confirmed in a news release that during the first day of the new methodology, applied on Tuesday, the exchange rate differential — the difference between the buy and sell price — fell by 5.95 colons. On Monday, the exchange rate differential closed at 13.02 and on Tuesday, it closed at 7.07.
Source: Tico Times