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Saturday, June 17, 2023

Belize and its Currency



Belize and its Currency.
Location
Belize is a country located on the northeast coast of Central America. It is bordered by Mexico to the north, the Caribbean Sea to the east, and Guatemala to the west and south. It also shares a water boundary with Honduras to the southeast.
History
Belize was originally inhabited by the Maya people. The Spanish arrived in the 16th century, but they were unable to establish a permanent colony. In 1862, Belize became a British colony. It gained independence in 1981.
Present Status
Belize is a parliamentary democracy. The capital is Belmopan. The official language is English. The currency is the Belize dollar.
Currency
The Belize dollar (BZD) is the official currency of Belize. It is divided into 100 cents. The exchange rate is approximately Bz$2 to US$1.
The denominations available for Belize dollar banknotes are:
$2
$5
$10
$20
$50
$100
The denominations available for Belize dollar coins are:
1 cent
5 cents
10 cents
25 cents
50 cents
The old currency of Belize was the British Honduras dollar. It was replaced by the Belize dollar in 1976.

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