Capital of the Bank

(1) The Bank shall have an authorised capital of twenty million Belize dollars. (2) Repealed. (2A) The paid up capital of the Bank is ten million dollars. (3) Subject to the approval of the House of Representatives, the Board may decide to increase the authorised and paid-up capital of the Bank by such amounts, in such manner and at such times as may be decided. (4) Notwithstanding sub-sections (1) and (2A), an increase in the authorised capital or paid up capital, as the case may be, that has effect on or after the date of commencement of the Central Bank of Belize (Amendment) Act, 2016 shall be paid from the retention of the share of the net profits of the Bank that would have otherwise been paid into the Consolidated Revenue Fund, until such time as the increase in capital is fully paid up. Fund.