Banks Fear Increased Requests To Change Loans From Dollars to Colones

The dollar exchange has been on the rise, in the past week alone it has increase by more than ¢6 colones for each US dollar.
Q MONEY – A hike of ¢9.64 colones in the dollar exchange market since last Friday alone has some bank customers scared, and banks anticipating a significant increase in the number of their clients interested in changing their loans from dollars to colones.
The dollar exchange has been increasing steadily since the beginning of the month.
Although the wave of changes has not occurred yet, bank officials say they are willing to address the concerns of the clients.
However, they warn customers not to get carried away by the first rise, calling for prudent action in the current situation.
Peaking at ¢581.90 for the sell

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