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The ISO 4217 currency code for Costa Rican Colon.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
ISO 4217 code for the Costa Rican colon. It began circulating in 1896, replacing the Costa Rican peso. It was on a crawling peg with respect to the U.S. dollar until 2006. In October of that year, it was allowed to float within a range with a set floor and a changing ceiling. In many places in Costa Rica, the dollar circulates alongside the colon.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved