Costa Rica to maintain exchange rate policy

- Central Banking staff
- 23 Nov 2000

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Costa Rica's central bank said on Thursday it would continue with mini-devaluations of its currency against the dollar, despite complaints that it makes local business less competitive. "We aren't going to modify the exchange policy of mini-devaluations because it is a predictable system that works well and which people understand," Eduardo Lizano, president of Costa Rica's central bank told reporters.

Costa Rica's system of daily mini-devaluations of the colon, its local currency, against the

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