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Encyclopedia > Belize dollar
Belize dollar
Circulating coinage
ISO 4217 Code BZD
User(s) Belize
Inflation 3%
Source The World Factbook, 2006 est.
Pegged with U.S. dollar = BZ$ 2
Subunit
1/100 cent
Symbol BZ$
Coins 1, 5, 10, 25, 50 cents, $1
Banknotes $2, $5, $10, $20, $50, $100
Central bank Central Bank of Belize
Website www.centralbank.org.bz

The dollar (currency code BZD) has been the currency of Belize since 1885. It is normally abbreviated with the dollar sign $, or alternatively BZ$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents. The Belize dollar is pegged to the US dollar at BZ$2 = US$1. Image File history File links Download high-resolution version (1000x401, 139 KB) File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): Belize dollar Coins of the Belize dollar ... A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currencys value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. ... USD redirects here. ... ¢ c A United States cent, or 1¢ or a penny In currency, the cent is a monetary unit that equals 1/100 of various countries basic monetary units. ... $ redirects here. ... On June 1, 1973, the British colony of British Honduras changed its name to Belize, but its status remained unchanged until 1981, when Belize was granted independence. ... The Central Bank of Belize is the central bank of Belize. ... 1885 (MDCCCLXXXV) is a common year starting on Thursday of the Gregorian calendar (or a common year starting on Saturday of the 12-day slower Julian calendar). ... $ redirects here. ... This article is about the type of currency. ... ¢ c A United States cent, or 1¢ or a penny In currency, the cent is a monetary unit that equals 1/100 of various countries basic monetary units. ... A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currencys value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. ... The United States dollar is the official currency of the United States. ...

Contents

History

The first dollars to circulate in Belize (then called British Honduras) were Spanish dollars, some of which were counterstamped with a crowned GR monogram. They circulated between 1765 and 1825 at a value of 6 shillings 8 pence. In 1825, British coins were introduced for circulation in the colony. Flag Capital Belize City Language(s) English Government Constitutional monarchy History  - Established 1871  - Disestablished 1981 Area 22,966 km2 8,867 sq mi Currency British Honduran dollar Flag of British Honduras British Honduras was the former name of what is now the independent nation of Belize and was a British... The Spanish dollar or peso (literally, heavy, or pound) is a silver coin which was minted in Spain after a Spanish currency reform in 1497. ... Year 1765 (MDCCLXV) was a common year starting on Tuesday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Saturday of the 11-day slower Julian calendar). ... Year 1825 (MDCCCXXV) was a common year starting on Saturday (link will display the full calendar) of the Gregorian Calendar (or a common year starting on Thursday of the 12-day slower Julian calendar). ... This article is about coinage. ... For the NBA basketball player with the nickname see Penny Hardaway A variety of low value coins, including an Irish 2p piece and many U.S. pennies. ... For details of notes and coins, see British coinage and British banknotes. ...


The Guatemalan peso circulated alongside sterling at a value of 4 shillings 2 pence. This became the basis of the dollar. In 1885, 1 cent coins were issued, followed by higher denominations in 1894. This year also saw the first issue of banknotes by the Government and a switch from the silver Guatemalan peso to the gold U.S. dollar as the base for the currency, with $4.866 = 1 pound. The initial proximity of the 25 cent denomination to the value of the shilling lead to this becoming a nickname for these coins. The peso was the currency of Guatemala between 1859 and 1925. ... This article is about coinage. ... For the NBA basketball player with the nickname see Penny Hardaway A variety of low value coins, including an Irish 2p piece and many U.S. pennies. ... 1885 (MDCCCLXXXV) is a common year starting on Thursday of the Gregorian calendar (or a common year starting on Saturday of the 12-day slower Julian calendar). ... 1894 (MDCCCXCIV) was a common year starting on Monday (see link for calendar). ... The United States dollar is the official currency of the United States. ...


In 1949, the British pound was devalued from US$4.03 to US$2.80, causing a sudden increase in the value of the British Honduran dollar relative to the pound. This caused protests which lead to a devaluation of the British Honduran dollar to a value of 70 U.S. cents (equal to 5 shillings sterling). In 1967, the British Honduran dollar devalued with the British pound to 60 US cents. In 1978, the link to the British pound of BZ$4 = £1 was replaced by a peg to the US dollar of BZ$2 = US$1. For details of notes and coins, see British coinage and British banknotes. ...


Coins

In 1885, bronze 1 cent coins were introduced, followed by silver 5, 10, 25 and 50 cents in 1894. Cupro-nickel replaced silver in the 5 cents in 1907. This was itself replaced by nickel-brass in 1942. In 1952, cupro-nickel replaced silver in the 25 cents coins, with the same happening for the 50 and 10 cents in 1954 and 1956, respectively. Following a reduction in size in 1954, the 1 cent coin switched to a scalloped shape in 1956. In 1976, aluminium 1 and 5 cents were introduced. A nickel-brass, decagonal 1 dollar coin was introduced in 1990 On June 1, 1973, the British colony of British Honduras changed its name to Belize, but its status remained unchanged until 1981, when Belize was granted independence. ... Cupronickel is an alloy of copper, nickel and stengthening impurities. ... a regular decagon In geometry, a decagon is any polygon with ten sides and ten angles, and usually refers to a regular decagon, having all sides of equal length and all angles equal to 144°, therefore making each angle of a regular decagon be 144°. Its Schläfli symbol is...


Banknotes

In 1894, the government introduced notes in denominations of 1, 2, 5, 10, 50 and 100 dollars. Production of 50 and 100 dollars ceased after 1928. 20 dollars notes were introduced in 1952. In 1980, the Monetary Authority of Belize took over note production and reintroduced the 100 dollars note. The Central Bank of Belize assumed responsibility for paper money production in 1983. Production of 50 dollars notes recommenced in 1990, the same year that the 1 dollar note was replaced by a coin. The Central Bank of Belize is the central bank of Belize. ...

Current BZD exchange rates
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See also

The economy of Belize depended on forestry until well into the 20th century. ...

External links


 
 

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