Must be nice to be a government, able to muck around with the money when the mood strikes. Grab a little here, a little there… I would have said "Stealing 4%" but that might sound a little caustic. Slanderous, even.
For instance. Last Thursday – Thanksgiving Day, ironically enough – if I gave someone a dollar, I got 520 colones in return.
Late that same day, without notice, the BCCR (Banco Central de Costa Rica) quietly revalued the colón in an attempt to gloss over Costa Rica’s runaway inflation. When we woke up Friday morning, if . . . → Read More About Grabbing 4%