Costa Rica to propose capital controls to combat hot money flows
SAN JOSE Jan 15 (Reuters) - Costa Rica will introduce capital control proposals to Congress this week in a bid to tackle a recent surge in inflows, President Laura Chinchilla said on Tuesday.
One proposal will require savings made by large state-run institutions to be made exclusively in public banks, according to an official statement.
Vice President Luis Liberman told a news conference another proposal would raise taxes on the returns generated by government bonds.
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