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Economy & Business - March 2007
COSTA RICA: Dollar likely to rise
An economic consultancy, Ecoanálisis, forecasts that the central bank is likely to revalue the colón against the dollar, and then continue with its comparatively new policy of a dirty float. This sets daily maximum and minimum prices for the dollar. When these levels are hit the central bank is obliged to intervene. Since the start of the system in October 2006 the central bank has been buying dollars, predominantly.
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