QCOSTARICA — The U.S. dollar closed the week on a high note, following a series of consecutive increases that started last week.
The reference dollar exchange rate set by the Banco Central de Costa Rica (BCCR) _ Central Bank – this Saturday morning is ¢514.76 for the Buy and ¢520.30 for the Sell.
This is ¢9.37 higher over the close on May 18 for the Buy closing at ¢505.39 and ¢7.71 for the Sell that closed last week at ¢512.59.
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At the banks, the dollar exchange this Saturday morning, May 25, ranges from ¢507 to ¢514 for the Buy and ¢ 521 to ¢528 for the Sell.
This, according to experts, is because there are fewer dollars in the economy, given the closure of the high tourist season, a drop in the Central Bank’s monetary policy rate, and that there are no tax payments scheduled at the moment.
Economist Daniel Suchar highlighted that the dollar exchange rate is moving towards a more stable level, “a balance which will provide peace of mind to many of the productive sectors”.
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