Ambergris Caye Caye Caulker HELP! Visitor Center Businesses Lodging

Previous Thread
Next Thread
Print Thread
Devaluation....? #215674
01/18/02 06:15 PM
01/18/02 06:15 PM
Joined: Dec 2001
Posts: 67
Mermaid Offline OP
Junior Member
Mermaid  Offline OP
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.

Re: Devaluation....? #215675
01/18/02 08:16 PM
01/18/02 08:16 PM
Joined: Dec 2001
Posts: 24
Su_Amigo Offline
Junior Member
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.


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

Re: Devaluation....? #215676
01/18/02 08:46 PM
01/18/02 08:46 PM

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.

Portofino Resort- Now with a new BEACH BAR!!
Click for excellent scuba lessons with Elbert Greer!
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!
Maruba Beach Klub and Spa is the premiere Secret Beach spa and restaurant located on the crystal blue waters of the Caribbean Sea at the center of Secret Beach, Belize
First Class Accommodations for the Budget Traveler
First Class Accommodations for the Budget Traveler

Things to do

Daily News
Daily Weather

Classified Ads
San Pedro Sun
Ambergris Today
SP Town Council
Channel 7
Channel 5
Love FM
The Reporter
TV Newscasts
Radio Stations

Click for our
Search thousands of Belizean-only websites

Event Guides
Event Calendar
Specials & Events
Things to Do
iTravel Belize
Paradise Theater
San Pedro Fun Finder
Paradise Guy Event Calendar
Cayo Event Calendar

San Pedro Scoop!
Tia Chocolate
My Beautiful Belize
I-Travel Belize
Belize Adventure
Belize Hub
Romantic Travel
Belize Happy Adventures
Conch Creative
Caribbean Culture & Lifestyle
More Blogs...
Search thousands of Belizean-only websites
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.
Click for Ian Anderson's Caves Branch, Welcome to a World of Adventure
Lil 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.
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
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!
ShoutChat Box
Who's Online Now
0 registered members (), 312 guests, and 0 spiders.
Key: Admin, Global Mod, Mod
Forum Statistics
Most Online4,377
Dec 15th, 2020 HELP! Visitor Center Goods & Services San Pedro Town Message Board Lodging Diving Fishing Things to Do History Maps Phonebook Belize Business Directory Picture of the Day

Powered by UBB.threads™ PHP Forum Software 7.7.1