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Costa Rica Currency and Exchange Rates

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Old and new banknotes of Costa Rica



Costa Rica  Colones NoteCosta Rica  Colones Note

Costa Rica  Colones Note Costa Rica  Colones Note

Costa Rica  Colones Note Costa Rica  Colones Note

Costa Rica  Colones Note Costa Rica  Colones Note

Costa Rica  Colones Note Costa Rica  Colones Note

Costa Rica  Colones Note Costa Rica  Colones Note

Costa Rica  Colones Note Costa Rica  Colones Note

Costa Rica  Colones Note Costa Rica  Colones Note

Please note that the 5, 10, 50 and 500 Colones bills are no longer in circulation, at present coins are being used instead.

The 5 Colones bill is considered to be a rare piece of Costa Rica currency collection.

The Colon , (the Costa Rican official currency named after Christopher Columbus) is available in ¢ 1.000, ¢ 2.000, ¢ 5.000 and ¢ 10.000 bills.


Coins are of two different colors:




COSTA RICA CURRENCY DEVALUATION:


The Colon annual average devaluation against U.S. dollar is approx. 10  to 12%.

BANK OPENING AND CLOSING TIMES:



Banks like Banco Nacional de C. R. or Banco de C. R. are generally open Mon. to Fri. from 8.30 a.m. to 3.30 p.m.
Some of B.N.C.R. branches located in Mall San Pedro (open on Saturdays) or Multiplaza Escazu are open till 7.00 p.m.

Other private banks like Banco de S. Jose' are open till 7.00 p.m. and on Saturdays till 12 noon. FOR A COMPLETE LIST OF BANKS IN COSTA RICA CLICK HERE

AUTOMATED TELLER MACHINE (ATM):


The easiest and cheapest way to get money is by no means, through your credit card at ATM machines that you may find at almost any bank, some petrol stations (like Texaco) and shopping malls, the service is available 24 hours daily.

Mayor credit cards are accepted by banks, most shops and restaurants.

We recommend to ask or to check for signs at the door or at the cashier desk of the establishment.

Though there are a lot of ATM's in different places, it is not always easy to find ATM's in rural areas you can use with Cyrrus or Maestro cards.

Banks usually have better rates if compared to exchange agencies (casas de cambio), but if you don't like queuing, go to a large supermarket like Automercado or Mas x Menos, their rate is pretty good. Buy a packet of chewing gums and pay with 50 dollars bill…..you will get your change in colones …..it is that simple.

There are exchange agencies also in downtown San José (Avenida Central, Calle 2) . Hotels and most stores will accept dollars but only if in small denominations and often at an inferior rate, check before you change your money. As a result of counterfeiting most business are not accepting $ 100 bills.

At the time of going to press we recommend not to change money at the airport unless necessay since a higher than usual commission is being charged.

CASH:


We also strongly recommend you NOT to change your money from money exchangers on the streets!

TRAVELLERS CHECKS:


Most banks impose a service charge for cashing travelers checks.

CASH:


It's desirable to carry at least some cash (colones) with you. Be sure to carry small bills and coins when visiting villages where change may not be readily available for larger denominations, it is difficult to buy from street vendors with bills 5000 colones or over.

OTHER CURRENCIES:


Currency other than US$ can be exchanged with some difficulty however:


      HOW TO RECEIVE MONEY FROM THE US



      U.S. Embassies suggest the following ways:


      Sending Money to Overseas Citizens Services 8AM - 8PM weekdays; 9AM - 3PM Saturdays 202-647-5225
      The following are instructions for sending money to a U.S. citizen in an emergency financial situation abroad. When you use this service, a Department of State employee establishes a trust account in the recipient's name in order to forward funds overseas. There is a $30 processing fee, charged annually per fiscal year (Oct. 1 – Sep. 30) in the case of long-term trust accounts. We do not accept personal checks. Your money order or cashier's check must be made payable to the Department of State. Upon receipt, we send a telegram to the appropriate U.S. Embassy or Consulate abroad authorizing next workday disbursement. The recipient must contact the Embassy or Consulate to arrange receipt. If you fail to provide the recipient's name and overseas location, it will delay the transfer of funds. The Embassy or Consulate normally disburses funds in the foreign country's currency and not in U.S. dollars.

      WESTERN UNION:

      If you have a major credit card, you may telephone Western Union at 1-800-325-6000, 1-800-325-4176 or 1-800-752-6077. You may also access Western Union on line at www.westernunion.com. You may also visit your local Western Union agent to purchase a “money transfer.” You cannot do Western Union transactions by phone or the Internet in Connecticut , Florida , Kansas , Maine , Massachusetts , New York and Oklahoma .
      In all cases, you should make the transfer for the desired amount, plus $30 (our fee), payable to Overseas Citizens Services. Western Union also charges a fee based on the amount you are sending. A message with your name, address, and telephone number, as well as the name and overseas location of the recipient, must accompany the money transfer. Western Union offers a variety of services. To send money via OCS Trust, you should tell Western Union to make the transfer "quick collect." Note: In addition to an address, Western Union will ask for a code city, and an account number: The money transfer and message are sent to: Overseas Citizens Services (OCS), Department of State, Washington, D.C. 20520. The code city is: “Overseas emergency, DC.” The account number is “0” or your phone number (phone number is preferred).

      Funds normally reach our office within several hours. A staff member is in the office to receive funds during the hours listed at the top of the page. We will notify the appropriate U.S. Embassy or Consulate by telegram that it is authorized to disburse funds to the recipient. However, it is important to understand that the funds are disbursed only during normal office hours, not on weekends or local holidays when the Embassy or Consulate is closed.

      BANKWIRE:

      It may take 1 to 7 days to process a bank wire transaction. If you choose this option, tell your bank that you want to wire the desired amount plus $42 to Bank of America, Department of State Branch, 2201 C St. NW, Washington, D.C. 20520 at 202-624-4750 via ABA Number: 114000653; Account Number: 7476363838; Account Name: PUPID State Department; The transaction should state: OCS/Trust for benefit of (recipient's name), US Embassy/Consulate (city, country); and include your name and telephone number. The wire instructions must include the recipient's full name and overseas location. Bank of America notifies our office when it has received the funds. The $42 fee includes our $30 fee and Bank of America's $12 wire fee.

      OVERNIGHT MAIL:

      Obtain a cashiers check or money order for the desired amount, plus $30 (our fee), made payable to Overseas Citizens Services. Attach a letter with your name, address, and telephone number, as well as the name and location of the overseas recipient. Mail to: Overseas Citizens Services, Department of State, SA-29, 4th Floor, 2201 C St. NW , Washington , D.C. 20520 . Delivery of overnight mail to OCS may take 3 to 4 days.

      REGULAR MAIL:


      Regular mail can take 3 to 4 weeks to reach OCS due to on-going irradiation procedures. We strongly discourage this method for CREDIT CARDS