Archives for May 2017

The recent increase in the price of dollars and the fall recorded on Wednesday are not responsibility of the banks, according to the Costa Rican Banking Association (ABC). The increase in the demand for foreign exchange originates in transactions from the public and not from the banks, which, according to the regulations of the Central […]

On May 9th, Wuilly Moisés Arteaga’s images of the violin in the midst of molotov and tear gas bombs on the streets of Caracas, Venezuela, went around the world. Armed only with his violin, Wuilly has participated in the protests that his country has been experiencing for more than 45 days. The young man has […]

The 1% increase in the contribution of workers to the Invalidity, Old Age and Death (IVM) regime will not take effect next Thursday June 1st, as it is not yet signed and there are divided opinions, according to Mario Devandas, a member of the Board of Directors that represents the workers. It will not come […]

Last Tuesday, US President Donald Trump sent his 2018 budget plan to Congress with significant cuts in aid to Latin American countries, including Costa Rica. It was said that $ 400 thousand would be allocated for the country. Román Macaya, Costa Rican ambassador to Washington, explained the situation on Thursday morning and said the aid […]

All those who worried about the fact that the dollar had surpassed ¢600 in several banks can now breathe a bit more easily. On Thursday morning, the exchange rate came as a surprise when it began to recede after registering strong increases during the first 3 days of the week. In the Foreign Currency wholesale […]

On Thursday, the US weather forecasts predicted that the Atlantic Ocean may suffer from 11 to 17 major storms this year and about nine hurricanes in a-more-active-than-usual hurricane season. The absence of El Niño, a climatic phenomenon that warms the waters and tends to reduce the probability of hurricanes, is the main factor behind the […]