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