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Interest Rates & Inflation?

20 years ago
I've been giving some thought to the rentista program in CR, which seems easiest done by depositing $60,000 in a CR bank and withdrawing the required $1000 per month in colones, but am wondering what the combined effects of interest rates and inflation might be on the principle. Unless I misread the figures it appears that the dollar is now worth about twice the amount in colones than it was ten years ago, which suggests a pretty high CR inflation rate especially given the dollar's decline in recent years against other foreign currency. My question is therefore whether a deposit in a CR bank will hold or increase its value, or whether it will decline (maybe sharply). Any thoughts or experiences?

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SJB Global
Immigration Help Costa Rica
Immigration Help Costa Rica

Costa Rica Legal Residency is a bi-lingual boutique firm with 15 + years of successful experience on Residency, Renewals, Digital Nomad, and Citizenship.
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Immigration Help Costa RicaImmigration Help Costa Rica

Costa Rica Legal Residency is a bi-lingual boutique firm with 15 + years of successful experience on Residency, Renewals, Digital Nomad, and Citizenship.
Learn More

SJB Global
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