Tico Coin Countdown! Don't Let Your ₡500 Turn to Dust!

Picture this: You're at the feria, haggling for the freshest mangoes, and you pull out a trusty ₡500 coin. But wait... that familiar golden glint might soon be worthless! If you're an expat in Costa Rica, this is one money matter you can't afford to ignore.

Pura Vida, fellow expats!

Living in Costa Rica is all about embracing change, but sometimes, change comes in the form of your pocket change! The Central Bank of Costa Rica (BCCR) has announced a significant currency update that will affect us all: the current golden ₡500 coin is being phased out.

Why the Change?

This isn't just a random switch-up. The BCCR is introducing a new, bimetallic ₡500 coin to commemorate the 200th anniversary of the Annexation of the Partido de Nicoya. This historical event is a big deal for Ticos, and now, it's reflected in their currency.

What You Need to Know:

• The old golden ₡500 coins will lose their legal tender status on July 1, 2025.

• That means after that date, stores and businesses won't accept them.

• You'll need to exchange or deposit your old ₡500 coins at a bank before the deadline.

• The new coin has enhanced security features, to prevent counterfeiting.

Expat Pro-Tips:

• Check Your Stash: Go through your wallets, coin jars, and those hidden pockets in your travel bags. You might have more ₡500 coins than you think!

• Banking Basics: If you're new to Costa Rica, this is a good opportunity to get familiar with the local banking system.

• Spread the Word: Tell your expat friends and neighbors! This is a community-wide heads-up.

• Plan Ahead: Don't wait until the last minute. Bank lines can get long, especially as the deadline approaches.

Don't let your hard-earned colones go to waste! Take a little time to gather your old ₡500 coins and head to your local bank. It's a small task that will save you a big headache later.

Let's stay informed and keep our Tico adventures smooth and stress-free! Pura Vida!

Arcadia Team