Friday, September 10, 2021

Money & Shopping in Belize

North AmericaBelizeMoney & Shopping in Belize

The currency of Belize is the dollar (BZD), divided into 100 cents.

The Belizean dollar – sometimes written as “B$” or simply as the dollar sign “$” – has been officially pegged to the US dollar (USD) at a ratio of 2:1 since 1978 (e.g. 2 BZ$ = 1 USD). Since it is a law, there is no free exchange rate as there is between the US dollar and the Mexican peso. However, those who exchange other currencies into Belizean dollars, such as British pounds or euros, should take this into account.

Due to the easy and constant exchange rate between these two currencies, US dollars are widely accepted, but this means that you need to be careful which “dollars” you are talking about when negotiating prices. It is often best to assume that they are Belizean dollars, as many traders will jump on your uncertainty and try to double their price by saying, “No, in US dollars”. Belizean dollars come in denominations of 2, 5, 10, 20, 50 and 100 BZD. BZD1 and smaller amounts are coins. The 25 cent coin is often referred to as a “shilling”.