Parity of Belize dollar

(1) The par value of the Belize dollar shall be equivalent to fifty cents of a United States of America dollar. (2) Notwithstanding the provisions of sub-section (1), the Minister may after consultation with the Bank, vary by Order the parity of the Belize dollar in terms of either– (a) another amount of United States of America (b) an amount of Sterling; or (c) an amount or a relationship otherwise in accordance with international agreements to which Belize is a party or which are otherwise binding on Belize. The par value or other relationship so varied shall be published in the Gazette.