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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