State-owned and autonomous institution Banco Central de Costa Rica is part of Costa Rica's national banking system. It was established by law No.1130 of January 1950. The financial entity conducts various tasks, including ensuring the adequate development of the Costa Rican economy, monitoring the correct use of the country's international monetary reserves, and promoting the efficiency of its internal and external payment system. In addition, Banco Central de Costa Rica is responsible for issuing paper money and coins, as well as setting general policies governing the national financing system's loans, supervision and coordination.
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