Government is overlooking the real dollar problem

One of the things that is being conveniently overlooked by the government of Costa Rica and the Banco Central is that what they refer to as short-term speculative money entering the system is in large part the result of the international drug trade which is conducted in dollars, and for which Costa Rica has become a major transshipment point. The Costa Rican colon is a thinly trade currency, and to try and suggest that the large inflows of U.S. dollars that the government claims is behind the devaluation of the dollar (and which Costa Rica’s international debt is denominated in) is nonsense. This is just an attempt by the government to justify their own currency manipulations and also to overlook a problem (the drug trade) that they have shown themselves to be incapable of dealing with.
David Wyllie

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