BCB: $250.00m accepted in FX credit line auction 105 2025

BCB: $250.00m accepted in FX credit line auction 105 2025

The Central Bank of Belize (BCB) has successfully accepted $250.00 million in foreign exchange (FX) credit line auctions on July 2, 2025. This auction is part of the bank's ongoing efforts to enhance the country's financial stability and support economic growth.

The auction, conducted through an international competitive procurement process, saw the BCB inviting sealed proposals from eligible proposers to design, supply, install, and support an Instant Payment System in Belize. This system aims to streamline financial transactions, reduce processing times, and enhance overall efficiency in the country's financial sector.

The BCB has been proactive in addressing various financial challenges, including misinformation and fraudulent claims. Recently, the bank issued a warning circular clarifying a social media post that incorrectly suggested proposed amendments to the Moneylenders Act would increase interest rates from 48% to 148% per annum. The bank also reminded the public to report any unlicensed or unregistered financial activities [1].

Additionally, the BCB has been working on strengthening its financial infrastructure. In June 2025, it announced the successful launch of the upgraded Automated Payments and Securities Settlement System (APSSS 2.0) and the licensing of CRIF as Belize’s first credit bureau. These initiatives aim to improve credit access, promote responsible lending, and enhance financial inclusion [2, 3].

In another significant development, the BCB has been actively addressing global economic uncertainties. In May 2025, Governor Kareem Michael called for strategic action to build resilience amid global uncertainties, emphasizing the need for immediate, coordinated efforts [4].

The BCB continues to publish monthly economic reports and financial statements to provide transparency and inform stakeholders about the country's economic performance. These reports are crucial for investors and financial professionals to make informed decisions [5].

References:
[1] https://www.centralbank.org.bz/
[2] https://www.centralbank.org.bz/
[3] https://www.centralbank.org.bz/
[4] https://www.centralbank.org.bz/
[5] https://www.centralbank.org.bz/