Regulatory AlertsExchange Control (Amendment) Regulations, 2016
The Minister responsible for exchange control in Belize issued Statutory Instrument No. 66 of 2016 to amend the principal Exchange Control Regulations. The instrument modifies Regulation 32 to specify directions regarding investment types, maturity limits, and terms for accepting gold or foreign currency by authorized dealers. It also inserts a new paragraph into Regulation 35 empowering the Central Bank to limit, suspend, or revoke authorized dealer orders and transfer foreign currency holdings to minimize domestic supply disruptions.
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