Regulatory Alerts2016-10-27
Central Bank of Belize (Amendment) Act No. 19 of 2016
The Government of Belize enacted this legislation to amend the Central Bank of Belize Act by increasing the authorized capital to twenty million dollars and setting the paid-up capital at ten million dollars. The Act further raises the limit on Treasury Bills, Notes, or securities held by the Bank from ten times to twenty times and extends the Bank's ancillary powers. Capital increases are funded through retained net profits rather than payments to the Consolidated Revenue Fund until fully paid up.
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