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Costa Rica’s central bank insists that the exchange rate is not its top priority

Wednesday, November 3, 2010


The central bank of Costa Rica insists that the exchange rate is not one of its top priorities, despite closures by exporting companies.
 
Importers and retailers believe that the bank’s decision is the right decision, because it leaves it to concentrate on the fight against inflation, the biggest problem facing the nation’s poor.
 
Exporters, however, claim that the reduction in inflation will fail to compensate for the lost jobs and the reduction in the taxes that they generate.
 
Original source (in Spanish): La República