Costa Rica Exchange Rate Still Has Not Reflected Oil Shock, Central Bank Says

The U.S. dollar remains under ¢455 in Costa Rica’s wholesale currency market, even as higher international oil prices threaten to increase the country’s demand for foreign currency in the coming months. The exchange rate in Monex, Costa Rica’s foreign-exchange market, reached a new low yesterday, with a weighted average of ¢452.74 per dollar. On May […] The post Costa Rica Exchange Rate Still Has Not Reflected Oil Shock, Central Bank Says appeared first on The Tico Times | Costa Rica News | Travel | Real Estate .

Original source: Tico Times Costa Rica