BLOOMBERG/ Costa Rica's currency, the colon, is the world’s biggest gainer so this year. That is “worrisome,” for exporters claims Costa Rican Vice President-elect Luis Liberman. The colon is appreciating because of the "carry trade," where investors borrow in nations with low interest rates to buy higher-yielding assets. Costa Rica’s benchmark rate is 5.75%, higher than nearly zero in the U.S., 1% in the euro-zone and 0.1% in Japan.
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