Omega Management logo

Bill to convert loans in dollars to colones would exempt costs

QCOSTARICA – Given the increase in the exchange rate, many are facing the dilemma of having a loan in dollars, but continuing to earn in colones

The proposal on debt colonization will be presented by the 19 PLN legislators, the party with the largest caucus. Photo: (Legislative Assembly)

For this, the 19 legislators of the Partido Liberación Nacional (PLN) – the party with the largest representation in the Legislative Assembly – are preparing a bill to facilitate the conversion of loans in dollars to colones, without formalization costs.

Currently, the dollar exceeds ¢680 and, in the coming days could reach and even exceed the ¢700 mark. According to estimates by the Verdiblanca group, some 760,000 families have dollarized debts. Likewise, the productive sector with dollarized credit financing is equally affected.

– Advertisement –

Kattia Rivera, head of the PLN faction, stated that the bill intends that banks do not…

Read more…