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| U.S. Dollar Losing Strength In CR https://forum.costaricaticas.com/viewtopic.php?f=1&t=31306 |
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| Author: | Mucho Gusto [ Fri Nov 06, 2009 10:29 am ] |
| Post subject: | U.S. Dollar Losing Strength In CR |
Dollar Exchange In A Tailspin Inside Costa Rica The US dollar, against the Costa Rican Colon, keeps on dropping, in a tailspin all week, dropping almost ¢10 colones from the open of trade on Monday to this morning as published by the Banco Central de Costa Rica (BCCR) - Central Bank. On Monday the buy for $1 was ¢576.87 colones, this morning the BCCR published a buy rate of ¢567.36. The sell opened on Monday at ¢586.31, this morning it stands at ¢576.99. The tasa básica pasiva (TBP) - the element used for calculating the interest rate a customer pays on bank loans in colones also dropped this week, from 9% to 8.75%. |
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| Author: | Orange [ Fri Nov 06, 2009 10:33 am ] |
| Post subject: | |
I think ICR has a different definition of "tailspin" than the rest of the world. |
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