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Written by Rod Hughes
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Friday, 03 September 2010 20:39 |
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Costa Rica's currency, the colon, has hit a two-year high, apparently prompting the Central Bank to buy $50 million in foreign exchange to drive it down again. In the past several years speculating, especially on the Internet exchanges, has caused rapid rises and drops in the currency.
According to the Bloomberg Business Week web site, the Central Bank is set to buy up to $50 million in foreign exchange in an effort to stabilize the colon, which has surged 7% in the last three months, hitting a high of 504.75 colones per dollar on Aug.31. This is on the uncomfortable side of the 500 to 645 band the Central Bank has set as a stability goal.
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Last Updated on Tuesday, 07 September 2010 20:26 |
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Written by Rod Hughes
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Friday, 03 September 2010 17:21 |
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The U.S. distributor of Costa Rica's top selling beer, Imperial, announced this week that thirsty North American customers can now use their iPhone to find the nearest place where they can buy the brand, reports the blog Top 10 Costa Rica.
The application is called by a characteristic Tico phrase denoting approval, "Pura Vida" and will show on a map the nearest bar, restaurant, grocery or convenience store in North America carrying the brew, which has become almost emblematic of Costa Rica, says distributor, North American Breweries.
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Last Updated on Tuesday, 07 September 2010 20:25 |
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Clarification: US Troops NOT Occupying or Invading Costa Rica |
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Written by Russ Martin
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Wednesday, 01 September 2010 22:48 |
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Contrary to information circulating on discussion boards, social networks, and even “mainstream” media, the USA has not invaded or occupied Costa Rica. Also there are no operations related to “boots on the ground” or a “Costa Rica Surge”.
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Last Updated on Wednesday, 01 September 2010 23:20 |
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