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June 6th, 2010
For many years, the largest currency denomination in Costa Rica was the 10,000 colon bank note (billete). At today’s exchange rate, that is a bit over $18.00. Thus, carrying just the equivalent of $1,000 required you to carry FIFTY-FIVE 10,000 colon notes… quite a wad.
That will soon change as the Costa Rica Central Bank, Banco Central de Costa Rica, does a complete do-over of the country’s national currency.
Changes to all bills (including the existing currency!) are drastic. Changes will include not only the standard anti-counterfeiting techniques standard on the Euro and the new US bank notes, but also two new denominations; the 20,000 and 50,000 colon bills. That is a Godsend! Additionally, the new bills will come in different widths… from 125 mm to 160 mm… truly important for the visually challenged.
If this topic interests you and you would like a peek at the new bills, read on!Banking & Finance, Costa Rica, Costa Rica Currency, Living in Costa Rica | Comments (5)