2014-12-19

Direction No. 18/2014 - Duties of Domestic Banks to Supply Foreign Currency for Fuel Imports

The Central Bank of Belize issued Exchange Control Direction No. 18/2014 to mandate that authorized dealers collectively ensure the timely supply of foreign currency for fuel imports by designated entities. The regulation requires domestic banks to offer foreign currency to designated importers based on their proportional share of total banking system foreign assets, with specific amounts notified by the Central Bank monthly. Banks must fulfill these obligations by the last working day of each month and are permitted to sell excess currency in a given month, provided such amounts cannot be credited toward future monthly quotas.

Belize

Central Bank of Belize

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