Belize Dollar (BZD)

The Belize Dollar (BZD) is the official currency of Belize. It is regulated and issued by the Central Bank of Belize. Here are some detailed information about the Belize Dollar:

1. Value: The Belize Dollar is divided into 100 cents, although cent denominations are not commonly used in practice. Prices are typically quoted in whole dollar amounts.

2. Banknotes: The Belize Dollar is available in banknotes of 2, 5, 10, 20, 50, and 100 dollars. Each banknote features different designs representing Belize’s history, culture, and important figures.

3. Coins: The Belize Dollar is available in coins of 1, 5, 10, 25, 50 cents, and 1 dollar. The coins also feature designs representing Belize’s symbols and natural beauty.

4. Usage: The Belize Dollar is used for all commercial transactions within Belize. Other currencies besides the dollar are generally not accepted, and foreign exchange bureaus are limited.

5. Exchange Rate: The Belize Dollar has a fixed exchange rate with the U.S. Dollar. Typically, 1 U.S. Dollar equals 2 Belize Dollars. However, exchange rates may fluctuate from time to time.

6. Currency Control: There are no currency controls in Belize, and you can freely buy and sell foreign currencies. However, you may need to declare large amounts of cash when entering or leaving the country.

7. International Acceptance: The Belize Dollar is not widely accepted outside of Belize. It may be challenging to exchange Belize Dollars in other countries, and foreign exchange bureaus may be limited.

8. Economic Impact: The Belize Dollar plays a significant role in the Belizean economy. Fluctuations in its value can be influenced by factors such as tourism, agriculture, and other sectors’ performance.

In summary, the Belize Dollar (BZD) is the official currency of Belize. It is available in both banknotes and coins and is used for all commercial transactions within the country. The exchange rate is typically fixed with the U.S. Dollar. The Belize Dollar is not widely accepted internationally, and its value can be influenced by various economic factors.