Sale of the dollar skyrocketed to ¢695 at banks on Monday
QCOSTARICA – The dollar exchange will most likely reach ¢700 colones before the end of this week, despite the Banco Central de Costa Rica (BCCR) – Central Bank, investing millions to stabilize it.
On Monday, the Central Bank intervened with almost $8 million in the Mercado de Monedas Extranjeras (MONEX) – Foreign Currency Market. However, the sale of the dollar skyrocketed to ¢695 at commercial banks, both private and state.
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For today, Tuesday, May 31, the Central Bank set the dollar exchange rate at ¢685.03 for the sell and ¢678.89 for the buy.
Economist, Eduardo Sayegh, said on Monumental Radio on Monday that there are no conditions for projecting a decrease in the exchange rate.
Economist, Vidal Villalobos, stated that if the dollar exchange is above ¢700, it will have an impact on investors and those who import products.
Melvin Garita, general manager of BN Valores, told La Nacion that it is an…