At 3:34 pm, according to the website of the Central Bank, the weighted average price of dollars reached ¢512.11. Tuesday’s close was ¢507.69. As of Thursday morning the rate to buy colones via the Banco de Costa Rica is 509. Entidadl president, Rodrigo Bolaños said, late last year, the central bank felt less net supply […]
Archives for January 2014
Real estate firms seek more residences for foreign retirees
According to a study published by the New York Times, and based on information from the American Association of Retired Persons (AARP), Costa Rica is a popular destination for retirees from the United States and Canada. The specific places that older adults are seeking include Escazú and Santa Ana (in the Central Valley), and the […]
ARESEP detects anomalies in one of five gas stations
Following a series of inspections, the Regulatory Authority for Public Services (Aresep) found abnormalities in 62 gas stations out of a total of 346, located throughout Costa Rica. The irregularities are related to the presence of water or sediments (45 cases), changes in the temperature of inflammation (14), different from stated coloring (6), corresponds to […]
Nicaragua Parliament opens door to reelection of Daniel Ortega
Members of the ruling Sandinista Front party, on Tuesday approved the final vote on constitutional reforms that would allow President Daniel Ortega to run for re-election indefinitely. The reforms, which were approved in a first vote in December 2013, were endorsed with 64 votes in favor, 25 against with no abstentions, at a session of […]
Fed meeting key to cost of dollar in Costa Rica
Experts predict that a decision today before Ben Bernanke, chairman of the U.S. Federal Reserve (Fed), will be key to exchange rates in Costa Rica. Should the Fed continue with a moderate reduction of the U.S. economic stimulus it is expected that the dollar (USD) will rise in Costa Rica, relative to the colon (CRC). […]
Tourism sector qualifies alcohol prohibition as absurd
National Chamber of Tourism (Canatur) is saying that the implementation of the dry law or ban on alcohol sales for the upcoming election is absurd. In particular, hotel and restaurant owners are upset that some municipalities waited until the last minute to announce bans for the election on Sunday, February 2nd. The timing precludes events […]