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#141530 - 02/01/02 05:15 PM devaluation of the Belizian $  
Joined: Dec 2001
Posts: 47
wyatt70119 Offline
 
wyatt70119  Offline
On the Belize.net message board there is a thread about possible devaluation of the Belizian $ soon. Is this just gossip?

#141531 - 02/01/02 08:24 PM Re: devaluation of the Belizian $  
Joined: Jan 2002
Posts: 55
divein Offline
 
divein  Offline
Hardly gossip

Read further down the board to the topic "currency".

Additionally I was searching the Belize news and The Guardian Newspaper, online edition, which will not be available on the streets until Sunday has an article about the current monitary problem in Belize.

According to this article th Governor of the Central Bank, Mr. Keith Arnold and the Deputy Governor, Ms. Yvette Alvarez both stste that the public has "No Confidence in the Economy".

The article also states that as of December 2001 the Central Bank has a 3 day reserves of USD currency on hand and available.

Go to the top of this page to the BelizeNews.Com link and then go to Guardian.

If this was the situation at of December 2001
I wounder what it is now???

#141532 - 02/01/02 09:01 PM Re: devaluation of the Belizian $  
Joined: Nov 2000
Posts: 2,976
rickcheri Offline
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rickcheri  Offline
LOTS of different currency is devaluating......pesos will be gone soon...what is of value "then" is not as much NOW....and then POOF......gone.....You like the idea of "Euro Dollar"? Poof...their currency was gone....I personally just like looking at BZ Dollars...lol C...and i ask....Why the heck can't the govr'mt just print MORE????????? P.S. at home alone lol

[This message has been edited by rickcheri (edited 02-01-2002).]

#141533 - 02/03/02 01:56 PM Re: devaluation of the Belizian $  
Joined: Apr 2000
Posts: 3,054
Lan Sluder/Belize First Offline
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Lan Sluder/Belize First  Offline
I don't know what is going to happen, but I would say that I've been traveling in and writing about Belize for about 12 years, and devaluation is a subject that has come up many times during that period.

Rumors about devaluation have come up time after time over the years.

So this is not the first time, though the current U.S. dollar shortage does seem to be the worst that I can recall.

--Lan Sluder


Lan Sluder/Belize First
http://www.belizefirst.com

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