If you have been watching exchange rates in Costa Rica, then you know that the U.S. dollars is rapidly approaching an all time high against the Costa Rican Colon. American gentleman, flush with greenbacks can now purchase 10 percent more than they could in Costa Rica just two weeks ago.
In a recent interview with the popular La Extra newspaper, the president of Costa Rican central bank explained that the country needs more foreign direct investment. In particular, the country is lagging behind other nations in the region for growth. Lowering the value of the national currency makes Costa Rican products less expensive, and the market can correct the slide if more dollars enter country.
Of course one of the most popular ways to inject hard currency into the country is to put the Ticas out to collect from foreign tourists. At the Hotel Del Rey, the girls have been well trained to respond to $100 bills, but will often take less, especially when overall foreign investment is low.
Perhaps more of a bargain for gentleman tourists are the many daytime establishments in San Jose that fix the price of half hour and one hour sessions in colones. When asked about this loop hole, economists responded by saying that few foreigners ever manage to get beyond the gringo gulch and continue to spend on “cien chicas” at places like the Hotel Del Rey. Also, tourists have to exchange dollars to get colones, meaning the bank still gets the action it needs. Unfortunately for the girls this means a bit of a pay cut, but they are expected to make up for with by giving that extra effort and hustling for tips.