Exchange controls

摘要

All foreign-exchange transactions take place through the central bank (Banco Central de Costa Rica-BCCR), the national banking system and private banks. These transactions are regulated by BCCR norms that are published and updated periodically. Foreign-exchange transactions that exceed US$10m must be conducted through the BCCR. The floating exchange rate applies to all trade transactions. The BCCR records exports and other sources of foreign income, and proceeds must be liquidated through an authorised national banking institution. There are no limits on access to foreign exchange for trade purposes, including surcharges and prior-deposit requirements. Currency may be purchased from commercial banks.