The Arenal Area Magazine

Introduction Of New ¢20.000 Note Delayed


The new ¢20.000 colones notes will not be in the streets next Wednesday and had been announced the Banco Central de Costa Rica (BCCR). The delay is due to problems in the process of distribution of the new bills.

The Central Bank had planned on having the bills in circulation on August 11, saying it will be announcing a new release date on Monday.

The bank would not provide any details of the delay, just saying through a spokesperson that it will hold a press conference at 9am Monday on the issue.

Excitement among merchants and consumers has not been overwhelming, as many consider the new notes will be difficult to handle, too large of a domination to give or get change.

Anyone who has attempted to make a small purchase or pay for a taxi with or get change for a ¢10.000 colones note can attest to the problems of its acceptance, the ¢20.000 will be even worse.

The Central Bank will be issuing some 30 million notes in the economy.

Advertisements

One response

  1. Have just started blogging and I have to say it is superb rejoicing but not making any money from it…yet it supposes to be simple, but people should analyze your custom papers needs.

    August 7, 2010 at 5:44 pm

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s