Tag:
Central Bank of Belize
Community and Society
Belize Set to Roll Out Redesigned Banknotes with Advanced Security Features
The Central Bank of Belize is set to launch a new series of banknotes by mid-year, featuring a fresh look while retaining the same value. This marks a significant change in both design and security. Here’s what you need to know about the upcoming currency changes.
Business & Economy
Design for new Belize banknotes revealed
The Central Bank of Belize (CBB) is set to issue a new series of redesigned banknotes in June or July of this year, featuring two national heroes of Belize. These heroes are the late Right Honorable George Price, Belize’s first prime minister, and the late Honorable Philip Goldson, a journalist, activist, and politician. On Thursday, January 23rd, the CBB unveiled the new banknotes during a ceremony held at the Belize Civic Centre in Belize City. The new notes will feature portraits of these two figures, replacing the British monarch, the late Queen Elizabeth II. Belize is a member of the Commonwealth and recognizes the British monarch as its head of state.
Business & Economy
New banknotes featuring national heroes to roll out later this year
In September 2024, the Central Bank of Belize (CBB) announced plans to introduce a new family of banknotes in early 2025. The designs for the new banknotes, which will narrate stories about the country's rich and diverse heritage, are expected to be revealed in January. These new bills will also incorporate the latest security features to combat counterfeiting. Furthermore, the CBB has confirmed that the banknotes will honor two of Belize's national heroes: the late Right Honorable George Cadle Price and the late Honorable Philip Goldson. The new banknotes will continue to be valued at US$1 to BZ$2.
Business & Economy
Belize Bank stops the Central Bank of Belize’s attempt to regulate domestic banking fees
The Belize Bank Limited was granted an injunction to temporarily prevent the Central Bank of Belize (CCB) from implementing the Revised Practice Direction No. 7 – Regulation of Fees and Charges (PD No. 7). This regulation change was supposed to be implemented on January 2, 2024, and would regulate fees imposed by domestic banks on customers. However, with the injunction, PD No. 7 is blocked until court proceedings conclude. The Supreme Court granted the injunction and will have a judicial hearing on February 12, 2024, before Justice Nadine Nabie.
Government
National Heroes RT. Hon. George Price and Hon. Philip Goldson to be featured on new Belize dollar notes
The Belize dollar bills will soon bear new images, and it will not be King Charles III of the United Kingdom (UK), the country’s new head of state, following the passing of Queen Elizabeth II. While the face of the late queen graces the Belizean currency notes, the images as per the Government of Belize (GOB) for the upcoming new batch will include that of national heroes, the late Right Honourable and Father of Belize’s Independence George Cadle Price and the Father of Democracy, the late Honourable Philip Goldson.
Business & Economy
Caye International Bank: Implementing Innovative Measures to Drive Future Success
On Monday the 26th of June 2023, in Belize City: Kareem Michael, Governor of the Central Bank of Belize welcomed select members of the executive management and board of directors of Caye International Bank (CIB). The meeting was well received by all in attendance and the discussion covered the current and future progress of the largest international bank in the country by total deposit size.
Business & Economy
Changes in the buying rate of the United States dollar
A new amendment has changed the buying rate of United States (U.S.) dollars for banks and authorized dealers in Belize. According to the official note from the Central Bank of Belize, the amended buying rate is BZ$2 to US$1. Before this change, a different exchange existed when purchasing U.S. dollars from a bank or dealer.
Business & Economy
Central Bank Governor and President of Caye International Bank meeting
The Central Bank of Belize Governor, Kareem Michael and President of Caye International Bank, Luigi Wewege met on the margins of The Annual Meeting of the Boards of Governors of the Inter-American Development Bank and IDB Invest. This conference was held in Panama City, Republic of Panama, from the 16th to the 19th of March 2023.
