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CURRENCY & BANKING

GREAT PURCHASING POWER IN COSTA RICA
Despite having one of the highest standards of living in Latin America, purchasing power is greater in Costa Rica than in the United States or Canada. The country is a bargain compared to most places, especially in real estate. Join the other ex-pats who are living the dream! Now it is easier than ever. While the native language is Spanish, there is an increasing use of English as a result of both Costa Rican professionals being educated in the United States, and the large influx of visitors and investors from North America and Europe. National government has even implemented a bilingual program in their public education system.

Inexpensive Services & Low Cost Real Estate Prices
Confronted with the spiraling cost of living in the United States and Canada, people from all walks of life and all ages—especially baby boomers and seniors—are searching for an affordable place to live or retire without sacrificing their current lifestyles. Costa Rica is the answer. The World Database of Happiness found that of 148 countries studied, Costa Rica was the happiest. One visit and you will know why.

STABLE GOVERNMENT WELCOMING INVESTORS
Costa Rica offers a stable national government that promotes environmental preservation and welcomes foreign investment. Foreign Direct Investment Magazine named Costa Rica the second most attractive country for foreign investors in Central American and the Caribbean. Smart Money also hailed the benefits of investing in Costa Rica saying that in certain areas, property values have increased 300% in the past 10 years. The country has no standing army and, instead, has invested in education.

BANCO NACIONAL – Naranjo
Banco Nacional, part of the Costa Rican government, is the largest in Costa Rica and Central America. It was founded on October 9, 1914 under the name International Bank of Costa Rica. In 1936 the name was changed to the National Bank of Costa Rica, and has since established itself as a true development bank with a transcendent projection in economic, social and financial life of the country. Banco Nacional has a network of over 170 branches, over 400 ATMs nationwide. LEARN MORE »

BANCO DE COSTA RICA – Naranjo
Banco de Costa Rica’ mission is to promote social development, competitiveness and sustainability of Costa Rica to offer its customers a financial conglomerate groups of excellence and innovation in all its services. I’s vision is to be the preferred choice in Costa Rica to offer its customers global standards of quality, innovation and efficiency in financial services. LEARN MORE »

BANCO POPULAR – Naranjo
Banco Popular is a financial conglomerate whose ultimate goal is sustainable and social welfare of the inhabitants of Costa Rica.  Banco Popular’s vision is to be a leader in providing products and integrated financial services for economic and social development of individuals, corporations, institutions, and social organizations and MSMEs in the country.

CURRENCY
The Costa Rican currency is the colón (plural colones), named after Cristóbal Colón (Christopher Columbus). The currency symbol is ₡. Bills come in 1000, 2000, 5000, 10,000 and 20,000 notes, while coins come in denominations of 5, 10, 25, 50, 100 and 500. The US exchange rate varies between 500 and 550 colónes per dollar. Use the handy currency converter here or log on to www.convertmymoney.com