Central Bank Of Belize

Cap. 262 · Revised Edition 2020 · 67 sections

s. 1Short title
s. 2Commencement
s. 3Interpretation
s. 4Establishment of Bank
s. 5Bank to be body corporate
s. 6Objectives of the Bank
s. 7Officers of the Bank
s. 8Capital of the Bank
s. 9General Reserve Fund
s. 10Board of Directors
s. 11Constitution of the Board
s. 12Meetings of the Board
s. 13Duties of Governor
s. 14Duties of Deputy Governor
s. 15Disqualifications to be a Director
s. 16Functions of Governor and Deputy Governors
s. 17Salaries and allowances of Governor and Deputy Governors
s. 18Disclosure of information prohibited
s. 19Currency of Belize
s. 20Parity of Belize dollar
s. 21Contracts, etc., to be expressed in Belize dollars
s. 22Sole right to issue notes and coins
s. 23Defective notes and coins
s. 24Denominations of notes and coins
s. 25Assets to cover currency in circulation
s. 26Dealing in foreign exchange
s. 27Conditions regarding dealing in foreign exchange transactions
s. 28With whom Bank may engage in foreign exchange transactions
s. 29Exchange Control Regulations Act powers
s. 30Bank to act on behalf of Government
s. 31Bank fiscal agent of Government
s. 32Bank to act as depository
s. 32APower to effect derivative transactions
s. 33Bank to act as banker to Government, etc
s. 34Advances to Government
s. 35Bank to buy or sell Treasury Bills, etc
s. 36Limitation of sections 34, 35 and 41
s. 37Advice to Government
s. 38Bank to open account in favour of licensed financial institutions
s. 39Transactions of the Bank
s. 40Loans, etc., to banks
s. 41On-lending by the Bank to banks and financial institutions for specified projects
s. 42Terms and conditions regarding credit to banks
s. 43Application of section 16 of Domestic Banks and Financial Institutions Act
s. 44Liquid assets
s. 45Power to control rates of interest
s. 46Requirements regarding loans, etc
s. 47Control on credit
s. 48Information by banks and financial institutions
s. 49Acts in furtherance of provisions of Act
s. 50Calculation of profits and losses
s. 51Loans to employees
s. 52Exemption from income tax, stamp duty, etc
s. 53By-laws
s. 54Training
s. 55Yearly reports
s. 56Submission of budget estimates
s. 57Audit of accounts
s. 58Annual report
s. 59Publication of reports and statement of accounts, etc
s. 60Other publications
s. 61Regulations
s. 62Assets and liabilities of the Monetary Authority to vest in Bank
s. 63Reference to Monetary Authority; how construed
s. 64Notes printed and coins minted under authority of Monetary Authority
s. 65Acts done by the Authority from 1st January, 1982 and prior to the date of this Act
s. 66Power of Minister to give general directions