Finance / Costa Rica
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Let's Get Flexible
April 2006 | Currency ForecastSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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In an effort to tackle inflation and protect against external shocks, the Banco Central de Costa Rica plans to implement an inflation-targeting regime, and to replace the current crawling peg depreciation mechanism, which has been around since the 1980s (aside from a brief period in the early 1990s), with a more flexible exchange rate system.