Ambergris Caye Caye Caulker HELP! Visitor Center Businesses
BelizeNews.com BelizeSearch.com BelizePhotographs.com Lodging


Topic Options
#215674 - 01/19/02 12:15 AM Devaluation....?
Mermaid Offline
The Mermaid is pretty worried about the economy of Belize.

I think a devaluation is in the making.

Does anyone have any input on who that will affect the average Belizean?

How does it affect people with loans? Is it a better or worse time to borrow? If you borrow now and there is a devaluation, do you still owe the same amount you borrowed or is it adjusted to suit the New economy?

In some ways, it seems a devaluation will force more Belizeans to buy Belizean, to cultivate and produce more or we will starve.

But these are all my ignorant assumptions. Anybody's 2 cents on this, especially good advice to the small man would be greatly appreciated.

Top
#215675 - 01/19/02 02:16 AM Re: Devaluation....?
Su_Amigo Offline
Mermaid, facing similar concerns, I closed a bank account and went back to US $'s. I would rather lose a little interest than lose on a devaluation. I wouldn't borrow, unless it's US for US, if I had dollars, I would hold them for a while and use only what I needed until I saw what was going to happen.

Albert

[This message has been edited by Su_Amigo (edited 01-18-2002).]

Top
#215676 - 01/19/02 02:46 AM Re: Devaluation....?
Anonymous
The country has a shortage of dollars. Belize imports more than it exports. The imports cost money and the sellers don't take the Belize dollar. That leaves the country to buy in US dollars. If the Belize dollar is devalued anything that is imported will go up in price to the end consumer. This allows the importer to sell at a price that will get him/her enough to exchange back into US to buy the next round of imports. The government needs to create industry inside the country.

Top

Links
Click for excellent scuba lessons with Elbert Greer!


Things to do

News
Daily News
Daily Weather

Classified Ads
BelizeNews.com
San Pedro Sun
Ambergris Today
SP Town Council
Channel 7
Channel 5
Amandala
Love FM
The Reporter
Caye Caulker
Chronicles

PLUS TV
TV Newscasts
Radio Stations

Click for our
Search thousands of Belizean-only websites

Event Guides
Event Calendar
Specials & Events
Things to Do
SanPedroScoop
iTravel Belize
Paradise Theater

Blogs
San Pedro Scoop!
Tia Chocolate
Tacogirl
My Beautiful Belize
I-Travel Belize
Belize Adventure
Belize Hub
Romantic Travel
Bound for Belize
Conch Creative
As The Coconuts Drop
More Blogs...
Search thousands of Belizean-only websites
Chaa Creek is an award-winning luxury Belize Resort, rated as one of the worlds best Eco Lodges. We are a pioneer in adventure travel to Belize since 1981!
White Sands Dive Shop - 5 Star PADI Dive Facility - Daily diving, SCUBA instruction and Snorkeling
Caribbean Inspired All Natural Condiments & Spice Blends, Over 100 are Gluten Free!
We manage a variety of homes, apartments, condos and commercial properties here on Ambergris Caye. Our minimum lease on ALL properties is six months.
Conch Shell Inn: All rooms are right on the beach in the heart of San Pedro, so within walking distance to anything and everything!!
Lilí Alphonse has snorkel equipment to fit anyone as well as Marine Park Tickets and flotation devices to assist those not as experienced.
Coastal Xpress offers a daily scheduled ferry run to most resorts, restaurants and private piers on the island of Anbergris Caye. We also offer  private and charter water taxi service.
Mini Chat

Cayo Espanto
Click for Cayo Espanto, and have your own private island
More Links
Click for exciting and adventurous tours of Belize with Katie Valk!
December
S M T W T F S
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31
Who's Online
1 registered (tazh2o), 41 Guests and 4 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
18,676 Registered Members
44 Forums
64,077 Topics
462,353 Posts

Most users ever online: 1,262 @ 06/10/07 07:16 PM


AmbergrisCaye.com CayeCaulker.org HELP! Visitor Center Goods & Services San Pedro Town
BelizeSearch.com Message Board Lodging Diving Fishing Things to Do History
BelizeNews.com Maps Phonebook Belize Business Directory
BelizeCards.com SanPedroDaily.com Picture of the Day