Under current foreign currency laws, people traveling outside of Belize for business can only get two hundred and fifty dollars per day from an authorized dealer. Those seeking medical treatment or going on vacation can receive up to three thousand dollars. But today, the Central Bank of Belize announced a big change: they’re raising the limit to ten thousand dollars across the board. Here’s how Governor Michael explained it.
Kareem Michael, Governor, Central Bank
“While those amounts may have been sufficient in the past, the Central Bank has deemed it necessary to increase those limits. For ease of doing business for the travelling public, Central Bank will adjust those limits to be U.S. ten thousand dollars across the board, despite travel type. This will go into effect tin January 2025. This is not intended to be a free for all. You will have to provide the tellers with your supporting documentation and those are current and not expired. Also if you are travelling with cash in hand you have to declare this. Just remember that requests above ten K will require approval from the Exchange Control Department of Central Bank. I am hoping that both from the customer side and the bank side that if you are giving somebody ten thousand U.S. in cash you can also issue that person a credit card to do the very same thing.”
