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Home › Forums › Costa Rica Living Forum › The Colon and the dollar
The rumor right now is that the government will contemplate nationalization of US banks this week end (massive dilution for share holders). The dollar dropped steeply then rose back a bit and gold is holding above $1000 per ounce. The Colon will have to react to this when the dust settles. Does anyone have an idea where the Colon will be next month? Logic says it should take fewer Colones to buy a dollar.
Next month? History dictates that it will take 600 colon to buy $1 within the next year or so.
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