BLOOMBRG/
Central bank President Rodrigo Bolanos said he may intervene more frequently in the foreign-exchange market to reduce swings in the currency. The colon has surged 6.9% this year against the U.S. dollar, the second-best performance in the world after the Colombian peso. The colon is benefiting from the carry trade, where investors borrow in nations with low interest rates to buy higher-yielding assets. Costa Rica’s $29.4 billion economy will grow 3.8% this year, the second-fastest in Central America after Panama's 5% expansion, reports the IMF. GDP dropped 1.1% in 2009.
Popular Posts
- KYRGYSTAN / CANADA : 3 MPs Arrested After Violent Gold Mine Protest.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- HUNGARY: 23 April UPDATE: Hungary Denies Threat To Roma After Red Cross Evacuates 277 Roma From Gyongyospata...Fearing Vigilantes.
- PERU: Voters Feel Like They Must Choose Between...Hitler And Darth Vader; Smears Increase Before Vote.
- Internet Divorce May Be Possible In Brasil.
- MEXICO : Gulfo Narco Boss 'El Coss' Caught In Tampico; Arrested Pozos Gonzalez Proud Of Golden AK-47.
- RUSSIA : Model Causes Stink With Dog Poo Fight And Campaign.
- BRASIL:1ST UPDATE: Natives Protesting Hydro Plant Release 5 Of At Least 155 Hostages.
- MONDAY MORNING MUSIC: A Salute To Bilingualism...With Yerba Buena.
- 11,000 Homeless in Buenos Aires