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Country Guide > Central America > Belize


Money

Note
Since April 15 2005, telecommunications have been severely damaged due to an ongoing dispute between the national telecommunications company (BTL) and the Belize government. Visitors are currently unable to withdraw funds from banks via ATM or by direct transfer, including Western Union.

Currency
Belize Dollar (Bz$) = 100 cents. Notes are in denominations of Bz$100, 50, 20, 10, 5 and 2. Coins are in denominations of Bz$1, and 100, 50, 25, 10, 5 and 1 cents.

Note
The Belize Dollar is tied to the US Dollar at US$1 = Bz$2.

Currency exchange
Currency can be exchanged at most banks, hotels and travel agencies. Some businesses will even accept dollars. ATMs in Belize generally do not accept foreign cards.

Credit & debit cards
American Express, MasterCard (limited) and Visa are accepted. Check with your credit or debit card company for details of merchant acceptability and other services which may be available. Most establishments will add a 5 per cent service charge to the bills of customers using credit cards.

Traveller's cheques
These can be exchanged, commission will usually be charged.

Currency restrictions
The import and export of local currency is limited to Bz$100. The import of foreign currency is unlimited, provided declared on arrival. The export of foreign currency is limited to the equivalent of Bz$400 for residents, and up to the amount imported and declared for non-residents. Visitors are advised to carry a minimum of Bz$75 for each day they intend to stay.

Exchange rate indicators
The following figures are included as a guide to the movements of the Belize Dollar against the Pound Sterling and the US Dollar:
DateAug '04Nov '04Feb '05May '05
£1.00=3.643.743.733.59
$1.00=1.981.981.981.97


Banking hours
Mon-Thurs 0800-1300, Fri 0800-1630. Times may vary according to destination.


   
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