Costa Rica’s Central Bank (BCR) will cease circulation of ¢5, ¢10, and ¢25 coins, initiating an exchange process for citizens holding these denominations. The bank has specified procedures for depositing or exchanging the coins before they become invalid. Details regarding eligible individuals and maximum exchange amounts have been released. This move aims to modernize the country’s currency system and streamline transactions. The BCR will facilitate the exchange process, providing a timeframe for citizens to convert their coins into usable currency. Further information on the specific conditions and locations for exchange will be made available by the bank. This change impacts small transactions currently utilizing these low-value coins.
