www.CostaRicaTicas.com • View topic - San Jose Update: Dollars or Colones for Chicas? (2024)

FAQs

Should I use dollars or colones in Costa Rica? ›

The Costa Rica Colon is preferred, but US dollars are widely accepted. We recommend traveling with small denominations of US dollars for tipping purposes. Generally, bills larger than $20 are not accepted. Even if you use the USD, you will likely receive your change in colones.

To use the "Rule of 2," simply take the first digit on the colones bill or coin, multiply it by 2, and then remove the last three zeroes to find its approximate value in dollars. Understanding the intricacies of Costa Rican currency can greatly enhance your travel experience in this vibrant destination.

The interventions of the Central Bank in the exchange market have generated a strong appreciation of the colón against the dollar, which has had significant repercussions on various economic sectors. Another factor which does not seem to be addressed often is the impact of money laundering in Costa Rica.

The bills come in denominations of ¢1,000, ¢2,000, ¢5,000, ¢10,000, and ¢20,000, ¢50,000 with coins of 5, 10, 25, 50, 100 and 500 Colones. You might also notice that the bills are different sizes. That is actually a unique feature that helps people who are blind differentiate between each bill.

1 USD = 523.07741 CRC Aug 05, 2024 23:34 UTC

Check the currency rates against all the world currencies here.

The amount you tip in Costa Rica will depend on where you are and what type of services you're buying. As a general rule, expect to tip around 10% of the bill. If you get exceptionally good service, say thank you with a tip closer to 15-20%.

In fact costs in Costa Rica are similar to costs in the U.S. but because colones have 600 times less value than dollars you have to spend more of them for the same product. It's similar to thinking of converting dollars into pennies. 100 pennies won't buy you any more in the store than 20 nickles or 1 dollar.

If you eat lunch at a local restaurant (called a soda) and order a "typical casada" which is usually comprised of your choice of fish, pork, chicken or beef with rice, salad and avocado along with juice or water, you can expect to pay around 4,500 - 7,500 colones (about $8 - 15 USD) including sales tax and gratuity.

The $100,000 bill is the highest denomination ever issued by the U.S. Federal Government. Printed in 1934, it was not intended for general use, but instead was used as an accounting device between branches of the Federal Reserve. It is illegal for a private individual to own this banknote.

Food & Drink

A simple meal at a local soda (cafe) is likely to cost in the region of $5 per person. A main course in a restaurant with a buzzing atmosphere in a tourist destination is likely to cost between $10 - $20 depending on how upscale it is.

Are $100 dollar bills accepted in Costa Rica? ›

The US Dollar in Costa Rica

The US dollar is widely accepted in Costa Rica, however, only certain denominations can generally be used. The $20 bill is preferred and you may have to go to the bank to break $50 and $100 bills. Important - Only the new style $100 US bills are accepted.

Using US dollars

Many visitors to Costa Rica find it convenient because US dollars are accepted virtually everywhere, so you won't have to waste a lot of time converting your cash into Costa Rican colones before you can start shopping.

US Dollars are also accepted in certain Costa Rican destinations, but the colon is the official currency and it's more widely used. It's quick and easy to order and collect your travel money from TUI at your nearest TUI Store, or if you prefer, you can buy it from TUI online.

If you are going souvenir shopping or out for a meal and do not plan on using a credit card, $100 or 50,000 colones is a good amount. If you are just leisurely strolling or going to the beach, $20 or 10,000 colones is sufficient. Any money that you do not carry with you should be locked in your room safe.