The currency of Costa Rica is called the Colón
Costa Rica is a small country in Central America known for its natural beauty, diverse wildlife, and commitment to environmental protection.
The country's name means "wealthy coast" in Spanish, and it's no surprise why, as it's surrounded by both the Pacific Ocean and the Caribbean Sea. But Costa Rica is more than just a tourist destination.
It has a thriving economy and a strong commitment to democracy and human rights, making it a prosperous country with a high quality of life.
The currency of Costa Rica is called the Colón, named after Christopher Columbus, known as Cristóbal Colón in Spanish.
It was introduced in 1896, replacing the Costa Rican peso. The Colón is divided into 100 units called Céntimos. The plural form of Colón is Colones, while the plural of Céntimo is Céntimos.
The current banknotes in circulation are in denominations of 1,000, 2,000, 5,000, 10,000, and 50,000 Colones. The coins are available in 5, 10, 25, 50, 100, and 500 Colones.
The coins with denominations of 5, 10, 25, and 50 Colones feature images of local flora and fauna, while the 100 and 500 Colones coins feature images of important historical figures.
The value of the Colón fluctuates relative to other currencies, particularly the US dollar.
The exchange rate is set by the Central Bank of Costa Rica, and as of May 2023, the exchange rate is approximately 1 US dollar to 635 Costa Rican Colones.
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