To be specific, it falls in the tenth decile of the distribution of predicted income per capita, which includes everyone with incomes above 7,456 colones.
The cost per car trip in colones was calculated based on conversion tables, which included the percentage increase in gasoline price.
We estimate the willingness to pay for reduced travel time to be around 1,000 colones per hour.
In our sample, the average wage per hour is around 2,000 colones.
It uses constant colones of 1991.
The two thousand colones note is called "el tiburn" (shark), referring to the image of a shark it carries.
Even though the replacement of colones with dollars proved to reduce interest rates, it also caused a huge long-term inflation as prices were rounded upwards.
Some 1, 5, 10 and 20 colones notes (unsigned and undated) were released in 1963 when the bank celebrated its 100th anniversary.
