Costa Rican Monetary Unit (Noun)
Meaning
Monetary unit in Costa Rica.
Classification
Nouns denoting quantities and units of measure.
Examples
- The Costa Rican monetary unit is the colón which was introduced in 1897 and named after Christopher Columbus.
- Tourists from the United States found it challenging to understand the value of the local Costa Rican monetary unit during their vacation.
- Each time the exchange rate fluctuates it directly impacts the purchasing power of the local Costa Rican monetary unit.
- At some tourist-friendly restaurants the price can be quoted in the local Costa Rican monetary unit as well as the US dollar for easy comparison.
- During economic discussions with colleagues he suggested using a foreign monetary unit for imports rather than the Costa Rican monetary unit due to currency stability.