BCR Begins Issuing Driver Licenses and Passports

Costa Rica has certainly never been known as efficient and this most assuredly includes private business.Generally, the policy here is to find the least convenient, most time consuming, most paper wasting, most resource expending way to do something, then do it with the most people all while making you wait in the longest possible lines. It is this alone that droves A types to consider suicide. Continue reading »

Central Bank Changes and the Effect on Currency Exchanges and Interest

A couple of weeks ago, the Central Bank of Costa Rica decided to stop the ages-old policy of setting a daily buy/sell rate (exchange rate) for converting dollars to colones and vice versa. This daily exchange rate was known as the tipo de cambio, and was generally a very small spread, maybe 2.5-4 colones. It changed every day, increasing a fraction of a colone and thus devaluing the currency against the dollar… daily.

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