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#449772 - 10/26/12 07:39 AM Belizean Businesses Start Rejecting US Currency  
Joined: Oct 1999
Posts: 52,689
Marty Offline
Marty  Offline
Belize’s currency is pegged at $2Bz for $1US. Using American currency in Belize has never been an issue as most establishments accept the currency for payment. But until just recently island folk have started complaining that most, if not all businesses, are giving a hard time accepting US currency. Some business have put up signs that read, “Due to new bank rules we are not accepting any US bills that are torn, old or have any markings on it”. And when it comes to bank deposits and credit card payments, customers have been getting frustrated when most US bills have been rejected. Ambergris Today spoke with a representative of the Central Bank of Belize who stated that they have not issued any rules to any banks stating that they are not accepting the US Currency but that it might be that each bank has set up their own policies and standards in regards to the matter. We made checks at the Belize Bank San Pedro Branch and were told that all their countrywide branches are being strict on accepting US currency. Belize Bank is not accepting any mutilated bills, meaning they are not taking any bills that are torn, have been taped up or written on; the reason being that they cannot re-sell unfit cash to foreign investors.

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#451808 - 11/24/12 08:33 AM Re: Belizean Businesses Start Rejecting US Currency [Re: Marty]  
Joined: Oct 1999
Posts: 52,689
Marty Offline
Marty  Offline
From SanPedroScoop yesterday...

visitors from the US: the Belize Central Bank is getting more and more strict about accepting US bills with ANY marks or tears. Because of that, many shops and restaurants won't take them at all. Not a big deal...if you bring them and they are rejected, just take them home with you. Just know that retailers are being much more vigilant. Those bills are generally rejected at our local banks.

#451819 - 11/24/12 09:06 AM Re: Belizean Businesses Start Rejecting US Currency [Re: Marty]  
Joined: Jul 2010
Posts: 1,227
Judyann H. Offline
.
Judyann H.  Offline
Yes, our bank has rejected torn or damaged US dollar bills. However, the banks cannot exchange them due to the requirements of the Central Bank exchange agreement....Nonetheless we accept US dollars and all has been great!.....If you bring US currency simply bring the pretty bills......See you soon!


My friends call me Judyann

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#451827 - 11/24/12 09:42 AM Re: Belizean Businesses Start Rejecting US Currency [Re: Judyann H.]  
Joined: Sep 2002
Posts: 10,850
Ernie B Offline
.
Ernie B  Offline
Kathy says all my bills are like new, cause I never spend them grin Squeak,squeak !


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