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Costa Rica: Currency Devaluation

ISSN:1089-1560
LADB Article ID: 069878
Category/Department: General
Date: Friday, August 24, 1990
By: Deborah Tyroler

On Aug. 23, the Central Bank devalued the colon for the 13th time since President Rafael Calderon Fournier took power May 8. As of Thursday, the exchange rate was 92.7 colons per dollar (purchase), and 94.45 (sale). The last devaluation occurred...

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