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July 27th, 2007
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 »
Filed under Banking & Finance, Banking in Costa Rica, Costa Rica, Costa Rica Passport, Drivers License Costa Rica, Expatriate Life, Life in Costa Rica, Living in Costa Rica | Comments (6)
October 29th, 2006
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.
Filed under Banking & Finance, Banking in Costa Rica, Cost of Living, Costa Rica, Expatriate Life, Life in Costa Rica, Living in Costa Rica, Politics, Rants, Retire in Costa Rica, Travel | Comments (6)