Currency

(1) An amount taken into account under this Act must be expressed in the currency of Belize. (2) Where an amount is expressed or paid in a currency other than the currency of Belize– (a) if the amount relates to an import of goods, it must be converted to the currency of Belize at the selling rate for sight drafts as last declared by order of the Comptroller of Customs and published in the Gazette before the time when the goods are entered; and (b) if no such provisions apply, and in any other case, the amount must be converted to the currency of Belize at the Central Bank of Belize mid-exchange rate applying between the foreign currency and the currency of Belize on the date the amount is taken into account for the purposes of this Act.