Central Bank of Costa Rica
Encyclopedia
The Central Bank of Costa Rica is the central bank
of Costa Rica
. Being a central bank recognized by the Costa Rican society and the international community for its efficiency, transparency and credibility in keeping inflation low and stable.
In pursuit of its mission, and to maintain the economy’s internal and external balance, the goals and operating objectives of the Central Bank of Costa Rica are as follows:
Similar to other Central Banks in the world, the functions of Central Bank of Costa Rica include providing banking services to the Government of Costa Rica and financial institutions, issuing the domestic currency, regulating commercial banks and other financial institutions, providing economic advice to the Government, conducting research and publishing information on monetary and other economic developments. Only notes and coins issued by the Central Bank shall be legal tender in Costa Rica
.
The currency of Costa Rica
is colón
.
Central bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...
of Costa Rica
Costa Rica
Costa Rica , officially the Republic of Costa Rica is a multilingual, multiethnic and multicultural country in Central America, bordered by Nicaragua to the north, Panama to the southeast, the Pacific Ocean to the west and the Caribbean Sea to the east....
. Being a central bank recognized by the Costa Rican society and the international community for its efficiency, transparency and credibility in keeping inflation low and stable.
In pursuit of its mission, and to maintain the economy’s internal and external balance, the goals and operating objectives of the Central Bank of Costa Rica are as follows:
- Maintain internal stability of the national currency, seeking to turn the full employment of productive resources.
- Maintain external stability of the national currency and ensure their free conversion to other currencies.
- Promote a stable system of financial intermediation, efficient and competitive.
Similar to other Central Banks in the world, the functions of Central Bank of Costa Rica include providing banking services to the Government of Costa Rica and financial institutions, issuing the domestic currency, regulating commercial banks and other financial institutions, providing economic advice to the Government, conducting research and publishing information on monetary and other economic developments. Only notes and coins issued by the Central Bank shall be legal tender in Costa Rica
Costa Rica
Costa Rica , officially the Republic of Costa Rica is a multilingual, multiethnic and multicultural country in Central America, bordered by Nicaragua to the north, Panama to the southeast, the Pacific Ocean to the west and the Caribbean Sea to the east....
.
The currency of Costa Rica
Costa Rica
Costa Rica , officially the Republic of Costa Rica is a multilingual, multiethnic and multicultural country in Central America, bordered by Nicaragua to the north, Panama to the southeast, the Pacific Ocean to the west and the Caribbean Sea to the east....
is colón
Costa Rican colón
The colón is the currency of Costa Rica. The plural is colones in Spanish, but English speakers often say colons instead. The ISO 4217 code is CRC....
.