Daniel Suchar News Today

QCOSTARICA -- Despite in the last month the dollar exchange rate stopped its fall and, more importantly, began to gain value, this does not mean that the exchange rate is near where it should be to allow business in the export sector, tourism and foreign investment to operate without difficulties and avoid layoffs. With a…

QCOSTARICA -- The ongoing issue of deflation in Costa Rica is primarily caused by a cheap dollar and elevated interest rates, explains financial analyst Daniel Suchar. This situation is concerning because it ultimately leads to minimal salary adjustments over time. How is this perceived in the economy? According to Suchar, when a country registers continuous…

QCOSTARICA -- In the past 18 months, between June 2022 and March 2024, individuals and businesses who earn in dollars experienced a 24% decrease in profits as a result of the colon strengthening against the U.S. dollar. In fact, Costa Rica is a world champion in the appreciation of the local currency against the U.S.…

QCOSTARICA -- The possibility that drug trafficking has penetrated Costa Rica's dollar exchange system cannot be completely ruled out. The alert comes after the Banco Central de Costa Rica (Central Bank) reported strong growth in the currencies of the account called “others”, which registered movements of US$5.75 billion in 2023, which meant an increase of…

Fall in employment rate “is unusual” and an urgent analyst is is required to stop the problem, according to experts

The price of the dollar against the colon was quoted today in the Foreign Currency Market below ¢518.5

QCOSTARICA -- The dollar exchange keeps dropping, dropping, and dropping, to the lowest figure in the last ten years. Are you surprised? Experts explain the five reasons why it has fallen so much. Among the reasons why this is happening: The interest rate paid on savings is very high. There is an abundance of dollars…

QCOSTARICA -- Because the weight of public debt will exceed 60% of GDP throughout 2024, public employees would be left without a salary increase throughout next year. The expectation is that by 2025 the fiscal rule that was approved in 2018 and that became a limitation that today affects bureaucrats can be overcome, said President…

RICO's Q -- The dollar exchange continues its downward trend, marking its lowest price in almost 10 years on December 19, reaching ¢527.95 for the sale, a similar value back until February 18, 2014, when it stood at ¢531.62. According to analysts, the currency could decrease even more. "It is very likely that the downward…

QCOSTARICA -- Costa Rica will end the year in a very positive way. Interannual inflation will be negative, the dollar exchange rate will show a downward trend that will benefit thousands of debtors, and unemployment will remain close to 7%. However, the most notable thing is that the good prospects at the end of the…