Costa Rican central bank gets $1bn to shore up exchange rate


The Central Bank of Costa Rica has secured a $1 billion credit line from a regional relief fund to relieve pressure on the exchange rate.

In a statement, the Fondo Latinoamericano de Reservas (Flar) says it approved the credit line for a period of three years, following a meeting on October 2.

In providing this support, the Flar “contributes to macroeconomic stability, and to the commercial and financial integration of Latin America”, the fund says.

The loan, requested in June, is part of a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: