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Dollar exchange hits lowest figure in the past decade

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…

No raise in 2024 for public sector employees for the fifth consecutive year

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…

Could the dollar drop to ¢500?

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…

Low inflation, cheap dollar and low interest rates for 2024

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…

3 reasons to dollarize and not to dollarize in Costa Rica

QCOSTARICA A new boost to foreign investment and employment, the elimination of uncertainty over the dollar exchange rate, thus favoring businesses and debtors, and the certainty that the State would not manipulate interest rates to keep down the inflation, would be some of the advantages for the Costa Rican economy if the country decides…

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