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Dollar Could Hit ¢700 By The End of the Year

The dollar exchange rate could close 2018 and start 2019 in a range between  ¢650 and up to ¢700 colones for one US dollar.

This according to economists consulted by the Q, who assured that dollar exchange rate will continue to rise due to the critical situation facing the country in fiscal matters.
This week the dollar exchange rate set by the Banco Central (Central Bank) has risen steadily, resulting in an increase at the public and private bank and financial institutions.
On Thursday, October 11, the sell price posted by both public banks (BCR, BN, Banco Popular) and private banks was ¢600. By late Friday, the sell rate dropped ¢1 colon at some banks, the others with no change.
A slight drop in the Banco Central rate this

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