Regulatory Alerts2018-04-14
Central Bank of Belize (Amendment) Act No. 8 of 2018
The Belize Parliament enacted the Central Bank of Belize (Amendment) Act No. 8 of 2018 to modify the Central Bank of Belize Act regarding foreign exchange operations. The legislation amends Section 28 to authorize the Central Bank, with Ministerial approval, to conduct foreign exchange transactions with specified foreign entities. This amendment facilitates transactions with designated local entities and empowers the Minister to establish the terms and conditions for such engagements.
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