www.CostaRicaTicas.com

And as Josh himself would say : "Yo, dude's talking sh*t! Word! :

Netgems :

Post subject: Re: DOLLARS/COLONES Post Posted: Thu Sep 27, 2018 1:58 pm

"600 by December, you heard it here first... "

Interpretations issued if needed...

Oh, and MY grammar and punctuation???

Now coming from THIS GUY...now THAT'S funny!!!!

_________________
Don't try to understand 'em, just rope 'em down and brand 'em...

Holy shit :netjams

"Wouldn't get too excited, over the past 10 years it's fluctuated about 100 Colones up or down,
currently that's 17 cents.
Now inflation and price of consumer goods is a different ballgame."
Regards, 911 Driver
Damn, I must have been wrong, What are you going to do with that extra .0483 cents per
dollar living there, shit, should be worth about: .0431 per cents post
Bwahha
911 Driver

_________________
The happy hour is a device either for getting rid of social obligations hurriedly en masse or for making overtures toward more serious social relationships, as in the etiquette of whoring.- Brooks Atkinson

It never ceases to amaze me how cheap some of these wankers are. Free popcorn anyone?

Well...The POINT is...for decades the exchange rate has hovered around 500 and there are significant possibilities that it can rise to 600, maybe in a couple months. Now THAT isn't insignificant money.

Now you would know that if you did more than just constantly mock what other people are saying...

_________________
Don't try to understand 'em, just rope 'em down and brand 'em...

Actually the prognosis from the Central Bank was a "managed" (controlled) drop to ¢800 to $1 by late 2019.

The the Central Bank bought the government's unappropriated ¢600 billion debt (short term loan). Now the Central Bank doesn't have the wherewithal to manage the devaluation.

_________________
Any opinion or observation in the post above is purely presented for entertainment purposes and does not promote "sexual tourism" or "human trafficking". The laws of Costa Rica apply to all activities in Costa Rica. No warranty is expressed or implied. Void where prohibited by law. Your experience, observations or perspective may be different.

In exile in pu*sy prison

Living here and converting $3000 per month. At 500 colones to the dollar that is 1,500,000 per month. At 600 colones to the dollar that is 1,800,000. 300,000 colones per month is one hell of a lot of popcorn.

Until inflation takes off.

_________________
Any opinion or observation in the post above is purely presented for entertainment purposes and does not promote "sexual tourism" or "human trafficking". The laws of Costa Rica apply to all activities in Costa Rica. No warranty is expressed or implied. Void where prohibited by law. Your experience, observations or perspective may be different.

In exile in pu*sy prison

Very true mm3. I have been very lucky with my rent--pay in colones and no rent increase in 2 plus years. Elec cable water very small increase. The day will come when I am not so fortunate.

I don't think it's anytime soon, but if so, my buddies in Medellin, Colombia say it's much better, more gfe's and less sharks, plus less expensive than CR girls, and the overall expenses, food, rent, cabs, misc. other vices, etc., is about 2/3 of what CR is...

Climate about the same, plus it's a bigger more sophisticated European style city, not a giant slum...

This rat is not afraid to jump ship if need be...

_________________
Don't try to understand 'em, just rope 'em down and brand 'em...

Sorry but I must admit I am just a little confused by the first statement. by "controlled drop" are you saying the "colon loosing value" to the point it will take 800 to buy $1 by this time next year? When I first read it, I thought you were saying it would drop from a higher number (like say 900 to 1) back to 800 to 1. Exchange rates can be very confusing at times(especially to us "GRUMPY OLD MEN") depending on which way you are looking at it. As the colones needed to buy a dollar goes up the colon value is actually going down (in relation to the dollar) or one could say the dollar value is going up in relationship to the colon.

I am also not sure about them no longer having the "wherewithal" to manage the devaluation. Less than 2 weeks ago the put 31 million dollars into the system to help control the drop in value of the colon. This was, I believe, the largest of all the "injections" since the law was pasted allowing them to bolster the colon. Sadly (for them) it does not seem to have worked this time. Or maybe between the rising dollar value worldwide and the sinking colon value worldwide, no amount of dollars injected into the system could stop the decline in the colon! Maybe it would be much worse if they had not put the 31 million into the system!!! Who knows for sure!

I was also thinking about the change in the exchange rate and inflation here over the last 25 years. Both have gone "up" (in terms of what we get for our dollar here and inflation). If I remember correctly the first time I came here almost 25 years ago (Feb 1994) the exchange rate was 279 to the dollar. At 585 to 1 (today's rate) that amounts to a 110% increase. Inflation (as figured by the Tico government) over those same 25 years has been over 800% (821% to be exact!! So, based on those figures, we Gringos living here with a income based on the dollar are MUCH worse off today compared to 25 years ago!! Except that the US has also experienced huge increases in cost of living (about 80% more is the closest figure I could find) and average family income is up almost exactly 100% during the same period. HMMMMM!! YEP, WE ARE STILL MUCH WORSE OFF!!!

If you had $1000 a month then, you would have $2000 a month now. You would have gotten c279,000 then and c1,170,000 now for your money ( about a 420% increase) but inflation has been 821% so your buying power is just slightly over 1/2 what it was back then!!

Financially WE ALL WOULD (SUPPOSEDLY) BE BETTER OFF TO HAVE STAYED IN THE STATES!! Except, at least in my case, I know I am living better here than I would be in the States!! But think how much better off we would have been 25 years ago here than we are today!!

Sorry for this being so long! I was trying to make myself very clear!! Probably as clear as muddy water!!

_________________
Old and retired but still bang, and bang, and bang!!!

Seems like it already has, food in the supermarkets, eating out, fish, real cheese, and meat, etc., are MUCH higher than when I lived here 10 years ago.

But the 300k colones is about $520 to 540 or so, inflation would have to be hemorrhaging incredibly to expand today's already absurd prices for a 3rd world country to offset that.

That would mean this country would be in serious economic crisis and potentially unstable, when and if that happens, seeya in Medellin...

https://www.numbeo.com/cost-of-living/c ... 2=San+Jose

_________________
Don't try to understand 'em, just rope 'em down and brand 'em...

The current fiscal crisis will be of Grecian proportions.

_________________
Any opinion or observation in the post above is purely presented for entertainment purposes and does not promote "sexual tourism" or "human trafficking". The laws of Costa Rica apply to all activities in Costa Rica. No warranty is expressed or implied. Void where prohibited by law. Your experience, observations or perspective may be different.

In exile in pu*sy prison

From today's AMCOSTARICA.COM


Central Bank monitors exchange
rate between U.S. dollar and colons

By A.M. Costa Rica staff

The dollar exchange rate has shown a constant growth in relation to the value of the colon for the last month.

The Central Bank of Costa Rica reported that, in September, the dollar exchange rate as at ¢578 but that it has now risen to ¢ 594.60 per dollar. This represents an increase of 2.87 percent in a few weeks.

According to the Central Bank, this change in the value of the dollar "upwards or downwards, is typical of the monetary regime in force in the country." The increase in the last days is related to "the increase in the purchase of the dollar for the payment of imports related to end-of-year sales."

The Central Bank informed the public last month that "these changes are consistent with the expectations of exchange variation, influenced in part by the uncertainty generated by the deterioration of public finances and the absence, to date, of a legislative agreement that gives a clear and firm solution to this problem, in a context of rise in international interest rates."

Recent interventions that the institution has made to stop the rise of the dollar, confirm that the "recent interventions have sought, in a context of greater exchange flexibility, adjustments in the exchange rate that are gradual and orderly, contributing in this way to improving the price formation process in the foreign exchange market."


Dollar101118.jpg
A.M. Costa Rica archive photo

The dollar exchange rate increase
of 2.87 percent in a few weeks.

In addition, the institution continues "permanently evaluating the behavior of the foreign exchange market, and takes the necessary measures to avoid violent fluctuations in the type of change," said the bank in a press release.

The Central Bank confirmed that it will continue to participate in the market in order to avoid abrupt movements in the exchange rate.



YADA YADA YADA, Central Bank, get ready for a punch in the gut, coming soon...

_________________
Don't try to understand 'em, just rope 'em down and brand 'em...

That's a rather rose-colored glasses article (IMHO).

Dollar exchange rate reached ¢599

But this is a great read - Bonfire of the Gullible by Nick Dangier

_________________
Any opinion or observation in the post above is purely presented for entertainment purposes and does not promote "sexual tourism" or "human trafficking". The laws of Costa Rica apply to all activities in Costa Rica. No warranty is expressed or implied. Void where prohibited by law. Your experience, observations or perspective may be different.

In exile in pu*sy prison

Off to the races!!!!



https://www.google.com/search?q=dollars ... 0&dpr=1.25

_________________
Don't try to understand 'em, just rope 'em down and brand 'em...