What does 100 colones mean?

Bills are denoted in units of MIL, or one thousand. For example, 20 MIL is 20 thousand colones. As of February 2022, 640 colones are the equivalent of $1 USD. This means that the 1,000 colones bill is $1.56 USD, 10,000 colones bill is $11.56, 100 colones coin is about 16 cents, 10 colones coin is just under 2 cents.



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Is $20 a lot in Costa Rica? It can be a lot, but it depends on your buying. However, you can easily find an excellent meal for two people for around $20 in Costa Rica, along with some great fruits, vegetables, and other goodies at the markets or soda shops.

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A dinner meal such as a decent steak or fresh fish with a couple sides will cost around 5,000 colones (around $10). There are also restaurants that cater to tourists.

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For a one week Costa Rica trip, I recommend to bring around $300 dollars in US dollars cash per person to begin with. Then, exchange about $100 USD to Costa Rican colones when you first arrive at the bank or supermarket.

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We spent 2 weeks in CR last month and spent about $1,000 US. We used credit cards for hotel and rental car, but paid cash for everything else. We averaged about $100 in cash per day for food and incidentals, including tips, gas (for rental car), entrance to parks (but not organized tours).

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Most restaurants will indicate impuestos incluidos (“taxes included”) somewhere on the bottom of their menus. You're free to add something extra if you think it's warranted, but if you calculate your tip as a percentage of the entire bill, you'll be tipping on the 23% already added for taxes and service.

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