Saturday, May 18, 2024

Central Bank of Belize

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.

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.

High-Level Delegation Attends IMF-World Bank Annual Meetings

Hon. Christopher Coye, Minister of State in the Ministry of Finance, Economic Development and Investment, led a high-level delegation of Belizean officials, including Mr. Joseph Waight, Financial Secretary, Ministry of Finance; Mr. Kareem Michael, Governor, Central Bank of Belize; H.E. Lynn Young, Belize’s Ambassador to the USA and Canada; Ambassador Mark Espat; and Dr. Osmond Martinez, Chief Executive Officer, Ministry of Economic Development, to Washington, D.C., from October 11 to 15, 2022.

CDB Delegation Concludes Inaugural Visit to Belize

The inaugural visit of Dr. Gene Leon, President of the Caribbean Development Bank (CDB), and his delegation to Belize included discussions with the Prime Minister and Cabinet, the Central Bank of Belize, engagement with private sector entities including the Belize Chamber of Commerce and Industry and the Citrus Growers Association, and meetings with entities executing projects with CDB support.

Official Visit of the President of the Caribbean Development Bank

The inaugural visit of Dr. Hyginus “Gene” Leon, President of the Caribbean Development Bank (CDB), to Belize kicked off on February 7, 2022, with a meeting at the Central Bank of Belize.

GOB and BCCI Convene Private Sector Focus Group Kick-off Meeting

As part of the Green Climate Fund (GCF)-funded Readiness Support for Strengthening Belize Private Sector Access to Climate Finance Project, a kick-off meeting was convened on November 16, 2021 to launch a collaborative process with a Private Sector Focus Group of key Belizean private sector partners. These partners belong to a broad range of organisations, from large corporations with in-depth sectoral expertise, financial institutions and regulators, national institutions promoting private sector engagement and inclusion, and trade associations.

Appointment of New Governor of the Central Bank of Belize

Governor General, Sir Colville Young GCMG MBE, on the advice of Prime Minister, Hon. John Briceno, Prime Minister and Minister of Finance, Economic Development, and Investment, signed a Writ of Appointment naming Mr. Gustavo Manuel Vasquez as Governor of the Central Bank of Belize, with effect from 01 April 2021.

Belize Bank’s parent company takes over Scotiabank

The days of Scotiabank Belize are officially over after Caribbean Investment Holdings Limited, Belize Bank’s parent company, completed the acquisition. On Wednesday, March 31st, throughout the country, teams of workmen were observed taking down the iconic Scotiabank sign. In San Pedro Town, the sign was replaced with a Belize Bank one.