Cash in Costa Rica?

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  • August 28, 2007 at 12:00 am #186364
    123456789
    Member

    If someone was interested in bringing US$ into CR, what would the best currency be to leave it in?

    For years it was US$, but some say now is the time to switch to Colones.

    Any thoughtful input?

    Alberto

    August 28, 2007 at 9:15 pm #186365
    Andrew
    Keymaster

    I would suggest that unless you are speaking of moving millions of US dollars to Costa Rica (which I would not advise) that you save yourself a headache and leave worrying about short-term currency fluctuations to currency traders.

    Puravida maje!

    Scott Oliver – Founder
    WeLoveCostaRica.com and

    Author of ‘Costa Rica’s Guide To Making Money Offshore in Bull & Bear Markets.’

    August 28, 2007 at 11:43 pm #186366
    123456789
    Member

    Sorry, didn’t mean to offend you.
    I was just interested in bringing retirement funds into CR and wondered if it should go into a US$ account or Colones.

    August 29, 2007 at 10:29 am #186367
    Andrew
    Keymaster

    You did not and I was not meaning to be rude in any way. If you are coming from the USA, wou will need BOTH US$ and colones accounts anyway – that’s easy to do. Should you wish to establish a Euro account there and more and more banks that can help you do that too…

    Scott Oliver – Founder
    WeLoveCostaRica.com

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