The unit of currency is the colón (CRC), which trades around 548 to the U.S. dollar; currently about 800 to the euro. On October 16, 2006, a new currency exchange system was introduced, allowing the value of the CRC colón to float between two bands as done previously by Chile. The idea is that by doing so the Central Bank will be able to better tackle inflation and discourage the use of US dollars. Since that time, the value of the colón against the dollar has stabilized.
Current Exchange Rate for the Costa Rican Colon.
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