Costa Rica's central bank rules out dropping floor on exchange band for dollar

The president of Costa Rica’s central bank, Rodrigo Bolaños, flatly rules out any changes in the exchange-rate system, following the trend set by his predecessor, Francisco de Paula Gutiérrez.

 

Bolaños made known his decision during a meeting of the Chamber of Commerce.

 

Analysts attribute the drop in the dollar to a low level of economic activity, low interest rates in US dollars, an increase in the repatriation of capital and foreign exchange inflows of direct foreign investment.

 

Original source: Inside Costa Rica