Costa Rica’s central bank intervened in the FX market for the first time since September 2023, selling USD 10 mln due to technical problems that disrupted the local FX market, Monex, to prevent a sharp depreciation of the colon, which weakened by 5% to CRC 525/USD since mid-April after a period of rapid appreciation. Export-oriented sectors have voiced concerns over the strong currency, influencing the central bank’s policy decisions.