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#351750 09/17/09 12:24 PM
Joined: Feb 2009
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On one of my trips to Belize, I took Canadian money too thinking that the exchange would be no big deal. Wrong. My thoughts of Belize, Cananda both commonwealth nations, the exchange would be a no brainer, wrong. Why ???


Reality is only an illusion that occurs due to a lack of alcohol
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There is very little input of Canadian Dollars into the Belize money market and very little reason for the government to hold Canadian Dollars as almost all debts are paid in US dollars.

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I'll take a guess at this I'm no expert in this area.

1. Many more visitors/part time residents from US than Canada.

2. US Currency is an internationally accepted currency and there just isn't much Canadian currency in Belize.

3. The Belize dollar is pegged to the US dollar. They always know the valve and exchange rate.

4. Probably a lot of Belizian wealth is in US Banks.


What did I miss? and how close I'm I??

I was on the phone and Simond posted so he agrees with at least one.


Last edited by ragman; 09/17/09 12:55 PM. Reason: Simond post

Jim
Formerly from somewhere on a beach in Belize
ragman #351757 09/17/09 01:16 PM
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The other point that you missed is that the majority of Canadians travel to foreign countries with US currency. We know that it is accepted. Canadian dollars generally aren't even accepted in the US.

Off topic. A big difference between Belize and some other Caribbean countries is that Belizean merchants give change in Belizean dollars when paid with US$, whereas many merchants in Jamaica, Dominican, etc. will give change in US$ when paid in US$. Much easier for the traveller to get US$ back.


Moose Keep an open mind and something good may fall in.
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Moose, I read a few months ago, I think that the US is Belize's largest trading partner. If that is so then it would stand to reason the US currency would be easier.


Jim
Formerly from somewhere on a beach in Belize

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