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The Belize dollar (also known as the Belizean dollar [1]) is the official currency in Belize (currency code BZD). It is normally abbreviated with the dollar sign $, or alternatively BZ$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents. The official value is pegged at BZ$2 = US$1. [2]
Currency Code Central bank Peg Bermuda: Bermudian dollar: BMD: Bermuda Monetary Authority: 1.00 BMD = 1.00 USD United States: United States dollar: USD: Federal Reserve Bank: float Mexico: Mexican peso: MXN: Bank of Mexico: float Belize: Belize dollar: BZD: Central Bank of Belize: 2.00 BZD = 1.00 USD Guatemala: Guatemalan quetzal: GTQ: Bank of ...
Currency Central bank Peg Anguilla: Eastern Caribbean dollar: Eastern Caribbean Central Bank Antigua and Barbuda Dominica Grenada Montserrat Saint Kitts and Nevis Saint Lucia Saint Vincent and the Grenadines Argentina: Argentine peso: Banco Central de la República Argentina Belize: Belize dollar: Central Bank of Belize: 2 BZD = 1 USD Bermuda
Colour key and notes Indicates that a given currency is pegged to another currency (details) Italics indicates a state or territory with a low level of international recognition State or territory Currency Symbol [D] or Abbrev. ISO code Fractional unit Number to basic Abkhazia Abkhazian apsar [E] аҧ (none) (none) (none) Russian ruble ₽ RUB Kopeck 100 Afghanistan Afghan afghani ؋ AFN ...
A commonly used currency in the Americas is the United States dollar. [1] It is the world's largest reserve currency, [2] the resulting economic value of which benefits the U.S. at over $100 billion annually. [3] However, its position as a reserve currency damages American exporters because this increases the value of the United States dollar.
The new government faces important challenges to economic stability. Rapid action to improve tax collection has been promised, but a lack of progress in reining in spending could bring the exchange rate under pressure. The Belize dollar is fixed to the U.S. dollar at a rate of 2:1. [16]
The Belize currency is pegged to the U.S. dollar and banks in Belize offer non-residents the ability to establish accounts, so drug traffickers and money launderers are attracted to banks in Belize. As a result, the United States Department of State has, since 2014, named Belize as one of the world's "major money laundering countries".
The Central Bank of Belize was established on January 1, 1982, by the Central Bank of Belize Act No. 15 (Chapter 262 of the Laws of Belize Revised Edition 2000). [4] The Central Bank is the natural successor to the Monetary Authority of Belize, established from 1976 to 1981, and the Board of Commissioners of Currency running from 1894. [5]