Make Payments in BZD - Belize Dollar
Pay in Belize Dollars (BZD)
Mondial Change allows you to make international payments in BZD (Belize Dollar) with ease. Manage your Belize Dollar beneficiaries, track your transactions in real-time, and enjoy a secure online platform. We do not apply exchange commission on your BZD operations (a spread is applied to the exchange rate, which slightly degrades the interbank rate on the currency pair traded). Your customer rate is always communicated transparently before the validation of each of your transactions.
Receive Payments in Belize Dollar (BZD)
It is currently not possible to receive payments in BZD.
Mondial Change Answers All Your Questions About Payments in Belize Dollars (BZD)
What is the timeframe for a BZD payment to be credited to the beneficiary's account?
It generally takes a minimum of 2 business days for a Belize Dollar transfer to be credited to the beneficiary's account. However, these timeframes are not contractual, and our partners responsible for the execution and routing of payments cannot be held liable if BZD payments are credited beyond 2 business days to the beneficiary's account. External events such as processing delays by intermediary banks, public holidays, execution time, or compliance checks can have a significant impact on payment receipt times.
What are the fees for a Belize Dollar (BZD) payment?
The fees applied to Belize Dollar (BZD) transfers generally range from 0 to 10 euros depending on the agreement with Mondial Change's trading room. The rate primarily depends on your annual BZD exchange volume and the number of Belize Dollar payments made during the year.
Are there minimum or maximum amounts for Belize Dollar (BZD) payments?
Mondial Change and its partners verify that your Belize Dollar flows are consistent with the data declared during account opening and consistent with your activity volume to ensure compliance and security. If there are restrictions on transaction volumes, they will be communicated to you well in advance of the validation of your operations.
What are the specific rules for executing a Belize Dollar (BZD) payment?
For BZD payments via the SWIFT network, you must provide at least the following information:
• Full name of the beneficiary
• Full address of the beneficiary
• Local account number
• SWIFT code of the beneficiary's bank
Is it possible to modify a Belize Dollar (BZD) payment after it has been executed?
Yes, it is possible with some of our partners to modify a Belize Dollar (BZD) payment even after it has been sent in SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment was not executed via the SWIFT network, then it is not possible to make such amendments, and you must wait for the payment to be returned if applicable.
What are the public holidays when Belize Dollar (BZD) payments cannot be executed?
January 1: New Year’s Day
March 9: National Heroes and Benefactors Day
Variable Date: Good Friday
Variable Date: Holy Saturday
Variable Date: Easter Monday
May 1: Labour Day
May 24: Commonwealth Day
September 10: St. George’s Caye Day
September 21: Independence Day
October 12: Pan American Day
November 19: Garifuna Settlement Day
December 25: Christmas Day
History of the Belize Dollar
The Belize Dollar (BZD) has been the official currency of Belize since 1976, replacing the British Dollar from the colonial era. It is issued by the Central Bank of Belize and subdivided into 100 cents. The BZD is pegged to the US Dollar at a fixed rate of 2 BZD to 1 USD. This stable parity facilitates trade and tourism exchanges in this service-oriented, agricultural, and ecotourism economy.
Monetary Policy of the Belize Dollar
The Central Bank of Belize is responsible for monetary policy. Its mission is to maintain price stability, confidence in the local currency, and the fixed parity with the US Dollar. The bank intervenes in the foreign exchange market to defend this parity, regulates the money supply, controls inflation, and supervises local financial institutions. The monetary regime is based on the internal convertibility of the BZD and the prudent management of foreign exchange reserves.
Features of the Belize Dollar
The BZD is strongly linked to the US Dollar, providing it with significant stability. The banknotes are printed with modern security features, and their design reflects Belize's cultural and natural heritage. Although not widely used outside the country, the BZD is fully functional for electronic and banking payments via SWIFT. Capital controls are moderate, facilitating commercial operations for foreign companies with activities in Belize.