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I don't want to be doomsday, but between the 4% dollar devaluation and the 10% inflation rate we expats have taken a 14% hit this year. I don't care how rich you are, this can't be sustained very long. Well, let's hope we don't have to. However, out of curiosity, I wonder where others are thinking of hightailing it to if this continues. I hear some talking Panama, others Nicaragua. What's the opinion out there? And why?

Edited by kenn
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While there is nothing that can be done about the inflation, there were references to the devaluation as early as last August. Those who moved their $$$ to colones made a windfall of 4%. Those who keep dollars lost money.

 

And

 

The Central Bank will undoubtedly make MORE of these devaluations... so again, get your money out of dollars if you live here and plan on staying here. The next one may well be 6-8% and is coming soon to a bank near you.

 

TG

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