Latitudes

Costa Rica

Sunday, September 20, 2026 · No. 1

Your dollars buy fewer colones than at any point on record, El Niño puts the whole Central Valley on alert, Independence week became a fight over the courts, and the best essay yet on why.

This week in three items

The dollar is worth less here than it has ever been

The dollar fell to ₡446.80 on the Monex market Thursday, its sixth straight session at a record low and the lowest since the Central Bank started the series in 2007, before edging back to ₡447.78 Friday. If your income arrives in dollars, your rent, groceries and Caja payment all got a little more expensive in real terms this week, and the trend has run for more than two years. The Central Bank is not signalling a change. Half of this is a Costa Rica story, and half is the dollar itself. The Fed raised its rate a quarter point on Wednesday, to 3.75 to 4 percent, and Treasury yields jumped even after Washington tripled its bond buybacks. El Financiero says the hike leaves the Central Bank less room to cut local rates. The New York Times has a clear piece on how the debt and the use of sanctions are shaking confidence in the dollar worldwide.

What to do. If you hold a colón obligation you can prepay, such as a lease or marchamo, this is the argument for waiting; the rate has not helped dollar earners in a long time. If you are moving a lump sum, move it in pieces.

La Nación · La Nación, on what the rate means for public finances · La Nación, Treasury yields · The Tico Times, what it means for retirees · El Financiero, the Fed hike · The New York Times, gift link

El Niño puts the whole Central Valley on alert

The national emergency commission declared an orange alert Friday in 23 cantons in Guanacaste, the Central Pacific and Los Santos, and a yellow alert in 51 more. The yellow list takes in nearly every Central Valley canton, from Escazú and Santa Ana to Heredia, Alajuela, Cartago and Grecia. Rain in the Central Valley has run 20 percent below normal since January, and 37 percent below in the North Pacific. The IMN expects El Niño to strengthen to "very strong" between November and January, right as the dry season starts. A stormy weekend like this one does not change the totals.

What to do. Yellow is a preparation phase, not rationing. But if your water comes from an ASADA or a municipal system that already cuts service in March and April, expect the cuts to start earlier this year. Price a storage tank now, before everyone else does.

La Nación, with the full canton list · The Tico Times · Delfino

Independence week turned into a fight over the courts

Thousands marched in San José on the eve of Independence Day in a lantern procession organizers called the Faroleada for Democracy, aimed at the Fernández government's pressure on the judiciary. In Cartago, police cordoned off the Plaza Mayor for the official ceremony and removed unionists, a journalist and opposition citizens; four constitutional challenges have been filed and the mayor has ordered a review of the operation. The president used her September 14 speech to demand the courts move faster on organized crime, while the judiciary warned that a budget provision would leave the OIJ without a director in January. Late in the week the Constitutional Court ordered the justice minister to explain his claim that the government has critics it calls "zurdos" identified, and the legislative president promised to schedule the vote on the court's alternate magistrates, which the ruling party has blocked since February. In Cartago, a petition to declare Rodrigo Chaves persona non grata passed 9,000 signatures.

What to do. Nothing yet, but watch this. Residency, property titles and every dispute you might ever have here run through the courts, and their independence is now the central political question of this government. Expect more marches in San José; the next ones will be announced a day or two ahead and will close Avenida Segunda and the streets around Parque Morazán.

The Tico Times · La Nación, San José · La Nación, Cartago · La Nación, OIJ · La Nación, "zurdos" · La Nación, alternates · Semanario Universidad, Cartago petition

Local

The data leak is now under formal investigation

The technology ministry confirmed that a sample from a large personal-data dump offered on the dark web contains real records on people in Costa Rica. Nobody has said where it came from, and the Central Bank says its own systems were not breached. Prodhab, the data protection agency, opened a formal case Wednesday, and prosecutors are running a criminal investigation alongside it. If you have a cédula, a Caja number or a local bank account, assume you are in it. Watch your accounts, and treat any call that already knows your name and account number as a scam. A fake Correos de Costa Rica "ticket" email is also making the rounds. If money does go missing, new Sugef rules in force since September 11 set out the claim: file on your bank's form with a copy of your OIJ report and keep the receipt code. The bank has to block the product immediately, and it is liable for any unauthorized transaction after your claim.

The Tico Times · La Nación · La Nación, Central Bank statement · El Financiero, Prodhab · La Nación, the claim rules · La Nación, the Correos email

Heredia loses water and power Thursday; CNFL has 16 more outages on the calendar

The ESPH cut water and electricity to more than 23,000 people in Heredia on Thursday for maintenance. Separately, CNFL has scheduled 16 power suspensions between now and October 7 in parts of San José, Desamparados, Pavas and Heredia. Both lists are published by sector; check yours before the day.

La Nación · El Financiero, CNFL schedule

Paraíso train pushed to 2027, and the Taras–La Lima contractor is being fined

The government set a new 2027 date for extending the commuter train to central Paraíso, a project announced in 2023 and delayed ever since. On the same corridor, the transport ministry says the consortium building the Taras–La Lima stretch has run up ₡150 million in penalties and should have its machinery off site by next month. If you commute from Cartago, nothing changes soon.

La Nación, train · La Nación, fines

Cambronero stays closed at least two more months, and Route 32 had a slide

The Interamericana Norte through Cambronero remains shut, and haulers say the detour adds about ₡15,000 and hours to every trip. If you drive to Guanacaste, plan on Route 27 and the coast, and expect trucks to be doing the same. On the other side of the valley, a landslide at kilometer 26 closed Route 32 to Limón on Friday afternoon, and MOPT gave no reopening time. Check before you head to the Caribbean.

La Nación · La Nación, Route 32

Uvita quake: 202 aftershocks and counting

Ovsicori has logged more than 200 aftershocks since the magnitude 5.5 quake off Uvita on September 10. Activity is tapering but small tremors could continue for months. Lawmakers, meanwhile, are questioning a cut to earthquake and volcano monitoring in the 2027 budget.

La Nación · The Tico Times, monitoring budget

Also this week

  • DEKRA opens eight inspection stations today, Sunday, including Heredia, Alajuela, Alajuelita, Santo Domingo and Cartago, from 6 a.m. to 2 p.m. By appointment only. Heredia Hoy
  • The Constitutional Court froze the demolition of the ICE headquarters in Sabana Norte while it hears a challenge from the ANEP union. La Nación
  • Work on the new El Coyol interchange on the Bernardo Soto now starts in December or January, six months late, with two new turnarounds built first. La Nación
  • British Airways makes its London flight year-round from October and moves it from Gatwick to Heathrow: five a week through March, three a week after. El Financiero
  • Rebeca Grynspan led the third informal Security Council vote for UN secretary-general. The Tico Times
  • Foreign minister Manuel Tovar told the Miami Herald that Costa Rica has broken relations with Cuba; Havana says it was never notified. La Nación
  • Washington kept Costa Rica on its list of major drug transit countries, but not among those it says failed to cooperate. La Nación
  • Air arrivals fell 5.9 percent in August, and visitors from the United States fell 13.9 percent. El Observador
  • An appeals court says judges must use a documented, current exchange rate when setting child support for parents paid in dollars. The Tico Times
  • Driving with a pet on your lap is a ₡123,000 fine, the same as holding your phone. La Nación
  • Western Union will wind down its Costa Rica operations center over 12 months, moving more than a thousand jobs abroad. Retail transfers are not affected yet. The Tico Times
  • An immigration employee in Limón was arrested for falsifying records to push through a residency renewal. The Tico Times
  • Arajet has not flown to Costa Rica since August 8 and has nothing scheduled until November. The Tico Times
  • Taxi and tour drivers protested a bill that would let Uber and similar apps pick up at the airports. La Nación
  • Curridabat is planting the country's first Miyawaki pocket forest. La Nación

Rules and paperwork

If you own property through a corporation, register its email

The law now makes email the official address for court and government notices to every sociedad anónima and SRL. From today, September 20, the legal representative can register or change it for free on rnpdigital.com with a firma digital, or through a notary. It stays free until December 3, 2027, and costs about ₡7,300 in fees after that.

What to do. If your house or car is held in a corporation, ask your notary to register an address you actually read. Notices sent there will count as delivered.

La Nación

Vehicle import loophole

Hacienda says 30,000 vehicles, many of them luxury models, entered the country with sharply reduced import taxes through a gap in customs valuation, and has decided not to investigate. If you imported a car in the last few years and paid what the valuation table said, nothing is being reopened.

La Nación · La Nación, no investigation

Hacienda wants to seize assets without a judge

A bill in the Assembly, file 25.669, would let the tax authority embargo accounts and property for tax debts that are final, meaning every appeal has run out, without going through a court. Hacienda says 770,000 collection cases are stuck, some for more than five years. Lawyers say it guts due process. If you are current on your taxes it changes nothing. If you have an old dispute you assumed was dormant, it could stop being dormant.

El Financiero

Money

Dollar, Monex weighted averageMon ₡447.34 → Fri ₡447.78
Week's low₡446.80 Thursday, the lowest since the series began in 2007

Fuel goes up in October

Recope has asked for increases of up to ₡97 a liter with Brent above $100. Aresep decides in the coming weeks. Regular gasoline is currently the cheapest grade at the pump, so if your car takes either, fill with regular.

La Nación, Recope · La Nación, regular is cheaper

Coopenae absorbs CoopeAnde

The two largest credit unions are merging a ₡1.1 trillion portfolio. Members keep their share capital, deposits and loan terms. El Financiero has a plain Q&A on what changes and when.

El Financiero

Bus fare, ATMs, VAT on foreign hotels, aguinaldo dates

  • If you employ a housekeeper, gardener or nanny, their aguinaldo is due by December 20: one twelfth of everything you paid them from December 1, 2025 to November 30, 2026. La Nación
  • San José to Cartago bus fare rose ₡80 to ₡780. La Nación
  • All 421 BCR ATMs now allow cardless withdrawals from the app. La Nación
  • Booking a hotel abroad with a Costa Rican card can trigger a 13 percent IVA charge. Hacienda says you can claim it back; here is how. The Tico Times

Health

Chikungunya reaches Pavas, and dengue is running high

Costa Rica has 300 confirmed and probable chikungunya cases this year, up 55 in a single week, and health teams are fumigating after an outbreak in Pavas, the first cluster in the capital. Guanacaste still has more than half the cases. Dengue is up too: 4,172 cases through late August against 2,751 a year earlier, and the CDC has added Costa Rica to its list of countries with higher-than-expected dengue risk, though the travel advisory stays at Level 1. Both come from the same mosquito: empty standing water, use repellent, and see a doctor for fever with severe joint pain.

The Tico Times · The Tico Times, dengue

A Caja strike Thursday, and doctors may refuse October overtime

More than 4,300 Caja employees struck for 24 hours on Thursday over late and partial paychecks. By mid-morning 202 surgeries had been suspended and 31 EBAIS clinics were closed; Max Peralta in Cartago canceled all 27 of its operations. Separately, the medical specialists' union has told members not to work overtime in October unless the CCSS drops a new rule that cuts how extra shifts are paid. The Caja says it will announce Monday whether it suspends the rule. If it does not, expect longer waits for surgeries and in emergency rooms, which run on overtime.

Semanario Universidad · El Observador, the strike · La Nación

Fake Ozempic and Mounjaro on sale

The Health Ministry warned against a brand called Exogenics being sold as a weight-loss injection. It has no sanitary registration. Real GLP-1 drugs here come from a pharmacy with a prescription, not from Instagram.

La Nación

The state owes the Caja ₡4.46 trillion

The government's debt to the CCSS has doubled in six years and almost none of it has a payment agreement.

La Nación

Gluten-free labels get a protocol

The Constitutional Court ordered the Health Ministry to set up a way of verifying that products labeled gluten-free actually are. Until it exists, the label is the maker's word.

La Nación

Housing

Maximum rent increase published

The Housing Ministry published the annual cap on residential rent increases for colón leases, based on inflation through August. Dollar leases are not covered by it. For a sense of the market, rents in the consumer price index are up 2.98 percent over the year, and the CENFI expects about 3.25 percent by December.

La Nación · Semanario Universidad, rent trend

Nearly 49,000 short-term rentals nationwide

Airbnb-style listings have reached almost 49,000. A second piece maps which regions earn the most and at what nightly rates and occupancy. Worth reading whichever side of the lease you are on.

La Nación, count · La Nación, where it pays

What I'm reading and watching

"Chavismo Tico" and the Limits of Costa Rican Exceptionalism

David Díaz Arias, a historian at the University of Costa Rica, writing in NACLA this week. If you want to understand why the lantern march above was about the courts, start here. Díaz Arias walks through the crises Costa Rica has survived since the 1880s and argues that each one was settled by elite pacts, the habit ticos call pactismo. His case is that the movement around Rodrigo Chaves, now carried by President Fernández, is the first that does not want a pact. It has no manifesto, only a style: contempt for the press, the universities and the judiciary, and a promise of a "Third Republic" to replace the one built after 1948. He notes that Chaves, as Fernández's super-minister, keeps his immunity for four more years, and that the courts are the last institution the movement has said out loud it needs to control. About a 15 minute read, and the best single explanation I have found for what is happening.

Abril, official trailer

Hernán Jiménez, the tico director behind El regreso and Entonces nosotros, is back with a film set in quintessential San José: the cantinas, the old facades, the side streets. La Nación's columnist called it a love letter to the capital, a story about love, memory and belonging.

La Nación, the column