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Exchange controls could be harmful for Costa Rica

Monday, January 16, 2017

Whenever markets are restricted, the intermediaries seek loopholes. And that is what could happen in Costa Rica with the central bank’s most recent restrictions on currency exchange.

The new rules were introduced by the central bank on December 22. They oblige financial institutions to buy or sell dollars when they are reluctant to do so because of the risk involved.

Full story in Spanish