Costa Rica’s Central Bank Sets New Dollar-Buying Record as Colón Hits Historic Lows

The Banco Central de Costa Rica (BCCR) has broken its all-time annual record for exchange-rate stabilization under the managed-float regime in place since 2015, intervening more aggressively in the foreign exchange market than in any full year since the system was adopted. Between February 19 and May 18, the BCCR purchased $774 million on the […] The post Costa Rica’s Central Bank Sets New Dollar-Buying Record as Colón Hits Historic Lows appeared first on The Tico Times | Costa Rica...