Costa Rican Colon Surges Against US Dollar: Causes and Implications
A question many of us are asking right now is: How is the colon appreciating so rapidly vs the dollar? Since June, 2022, the USD has lost over 25% of its value against the Costa Rican Colon. No other currency worldwide has appreciated so much against the dollar, not the Sterling Pound, not the Swiss Franc, nor the Japanese Yen.
When the little ol’ Costa Rican colon flexes its muscle against the dollar, it doesn’t take an expert to see that the US dollar could someday be toppled from its pedestal as the most used and trusted currency worldwide.
https://ticotimes.net/2024/04/24/costa-rican-colon-surges-against-us-dollar-causes-and-implications