Currency Information on Costa Rica Colón - CRC— Costa Rican Colon - ₡
Though USD is unofficially accepted in some places throughout Costa Rica, the official currency is the Costa Rican Colon, which is named after Cristopher Columbus – ‘Cristobel Colon’ in Spanish.
There are many nicknames for the different denominations of the Costa Rican Colon; peso, for the colon itself, due to many Latin American countries having had, or still having pesos as the official currency, Teja, one hundred colones, means ‘roof tile’ in Spanish.
5, 10, 20, 50, 10 and 500 colon coins are in circulations, as are 1,000, 2,000, 5,000, 10,000, 20, 000 and 50,000 colon banknotes.
We are an international business and work with companies around the world, especially California in the US and Australia. Our providers are based in different countries so we need to be constantly up to date about the current foreign exchange rates. Otherwise, we would be wasting money during the currency transfer process and obviously this is not what a business wants.
Comment written by Victoria Brown Wine Industry.
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