While the teller was very helpful and very social at Scotiabank, he was not able to open an account for me (a foreigner) without a recommendation from a bank in the US and a letter from my educational institution or employer. A note to foreigners who want to spend time in Latin America: FIGHT FOR A REFERENCE. My bank in the US (Wachovia) shied from giving me a reference due to potential liability. Try contacting the International Banking Sector of your US bank, a printed email will suffice.
I plan on returning to Scotiabank with these two reference letters and my certified check after I start classes this week. In the meantime I was able to exchange enough money to survive, and my host family preferred to be reimbursed in US dollars. Curious.
The buy-sell differential at the bank was very good (They bought US dollars for 508 colones, and sold US dollars at 520). It is always best to avoid money exchange stands like the ones you'll find at most airports. I've attached photos below of some coins from my change purse. I've also attached a photo of me holding some colones (and an American with US dollars for comparison).
(HEADS)
(TAILS)
(DOLLARS)
(COLONES)
Pura Vida (and yes, the locals do actually use the phrase ...all the time),
Z
Oh... our team just scored again. It's a good night.
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