Regulatory Alerts2025-11-03
Direction No. 17 - Other Services and Transfers
The Central Bank of Belize issued Direction No. 17 to authorize dealers to grant exchange control permission for residents to purchase foreign currency for specific cross-border transactions without prior Central Bank approval. The directive defines permissible transaction types, including education, medical bills, and business consultancy, while establishing a BZ $100,000 annual limit per person and a separate BZ $1,000 limit for gifts. It further mandates specific documentation requirements for legitimacy verification and outlines emergency provisions for family maintenance transfers up to BZ $1,000.
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