Earning in US dollars can cause an increase or decrease in the employee’s income when converting to colones (Costa Rica’s currency), according to official rate’s variations. However, it is not mandatory to employers to revert this situation assuming the currency risk, since from the time that the worker freely accepts to be paid in dollars, also agrees to participate in the foreign exchange market and in a valid speculative activity.

On its edition of August 23th of 2010, El Financiero weekly newspaper published an article on this subject, prepared by Facio & Cañas’ law expert, Luis Sánchez.

To read the complete article, click aquí.