China’s currency adjustment

[crhomebuilder]

Since CR is the recipient of a lot of financial aid from China, I wonder if the announcement that China is widening the yuan’s fluctuation band against the US dollar, will effect the CR economy ?
http://www.misfinanzasenlinea.com/noticias/20120414/china-ampliara-el-margen-de-fluctuacion-del-yuan-con-el-dolar

[dkb]

hi crhomebuilder,

since i can’t read spanish i can’t interpret the article.
I am in the states and may be looking to get out! 🙂
could you please tell me the currency in CR? Is there a Chinese bank there to get/use Yuan?
thanks.

[DavidCMurray]

Costa Rica’s domestic currency is the Costa Rican colon. The exchange rate against the U.S. dollar and the euro varies from day to day but for the past year and a half or so, it has hovered right around $1US = c500.

As for Chinese yuan, I can’t help.

[crhomebuilder]

I have not seen any publicity about the opening of a Chinese bank in CR and I imagine it would be difficult to locate any place here that would exchange that currency. Perhaps some of the more financially savvy members know more about this subject.

[Author]

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