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Dec 4, 2020

No Foreign Exchange to be Used

Contrary to previous reports in other areas of the media regarding the purported shortage of foreign exchange on the local market, a check with the relative parties has proven otherwise.  News Five has been made to understand that Caribbean Investment Holdings Limited, the parent company of Belize Bank, is not relying on the local banking sector in order to execute the sale of Scotiabank Limited.  In fact, the purchase of those shares will come from C.I.H.L.’s external resources and absolutely no foreign exchange from Belize will be used to complete the transaction.

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