COSTA RICA: Will Buy $50 Million Monthly Of Foreign Currencies To Weaken Colon.

BLOOMBERG/       The central bank, alarmed at the recent strength of the colon, plans on buying as much as $50 million of foreign currencies per month, up to... $600 million... by December 0211, to slow a rally that’s sent the colon to a two-year high. The colon shot up 7% in just the past three months, touching 504.75 per dollar level recently.
    It has increased 11.2% this year against the dollar, the second-best performance in the world after the Colombian peso, according to data compiled by Bloomberg.