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The Colon Vs The Dollar – Watch your money!
August 12th, 2007
For many years I suggested here in this blog, in The REAL Costa Rica and elsewhere that the smart person living in Costa Rica (or for that matter anyone who keeps money here), should always pay using colones, but keep their money in a dollars account. There was a good reason for this. The colon was, for many years, on a system of scheduled devaluation that made holding colones a losing proposition.
I am now doing a 100% change in that position. If this subject interests you, read on…
Filed under Banking & Finance, Banking in Costa Rica, Cost of Living, Cost Of Living Costa Rica, Costa Rica, Life in Costa Rica, Living in Costa Rica, Retire in Costa Rica | Comments (30)