Costa Rica Introduces New ₡500 Coin: Old One No Longer Valid

Costa Rica Introduces New ₡500 Coin: Old One No Longer Valid

Important update: the Costa Rica Coin ₡500 is no longer legal tender. Learn how to exchange it at authorized banks.

¢500 and ¢50 coins of the previous design will lost their value on July 1

Q COSTARICA — On Tuesday, July 1st, the old ¢500 and ¢50 coins officially stopped being valid for payments, just like the Central Bank of Costa Rica (BCCR) had announced. Those old coins now need to be swapped or deposited at banks and other financial institutions, as they’re being replaced by a new, smaller bimetallic coin. The BCCR made it clear that the new ¢500 and ¢50 coins are good for any purchase across the country, no matter what’s on t…