The official currency of Costa Rica is the **Costa Rican colón** (₡). It is named after Christopher Columbus, known as Cristóbal Colón in Spanish. A colón is divided into one hundred céntimos.
The colón was introduced in 1896, replacing the Costa Rican peso at par. The colón is divided into 100 centimos, although, between 1917 and 1919, coins were issued using the name centavo for the 1/100 subunit of the colón. Colones were issued by a variety of banks in the first half of the twentieth century, but since 1951 have been produced solely by the Central Bank of Costa Rica. The currency was subject to a crawling peg against the United States dollar from 2006 to 2015, but has been floating within a band allowed by the Costa Rican central bank since then.
The colón is represented by the symbol ₡, which is a stylized letter C. The currency code for the colón is CRC.
The colón is legal tender in Costa Rica and can be used to purchase goods and services. It can also be exchanged for other currencies at banks and exchange bureaus.
The colón is a relatively stable currency and has a good track record of maintaining its value. This makes it a good option for travelers to Costa Rica who are looking to exchange their money.
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