Costa Rica Now With Its Own Coin Mint

The Mint Costa Rica plant was inaugurated on Tuesday by government authorities, Banco Central and Catholic church officials.

Located in Ipis de Goicoechea, the plant is expected to produce up to 100 million coins a year.

The company, Amera International AG, says it will be investing another us$6 million dollars in the near future.

Amera also provides services of storing and the destruction of coins, in effect completing a life cycle of each coin.

The plant in Costa Rica will allow the Banco Central to have an "immediate" availability of coins and at lower cost.