Regulatory Alerts2025-07-31
Direction No. 5 - Payments for Imports
The Central Bank of Belize issued Direction No. 5 to authorize Authorised Dealers to facilitate foreign currency sales for imported goods under specific credit and prepayment conditions. The directive permits payments for goods on credit terms based on FOB values and allows advance payments up to BZ $100,000 per application, provided strict documentation and timing criteria are met. It further establishes that foreign exchange approvals are non-transferable and mandates Central Bank oversight for transactions exceeding specific monetary thresholds or involving goods held in bond.
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