The Central Bank of Belize was established under the Central Bank of Belize Act in 1982. The Act enables the Bank to attain its principal objectives which are to foster monetary stability especially in regards to the exchange rate, and to promote banking, credit and exchange conditions conducive to the growth of the economy of Belize.
With economic stability being a key requirement for further growth and development of Belize, the Bank’s objectives are clearly stated in Clause 6 of the Central Bank of Belize Act, 1982 as follows:
“Within the context of the economic policy of the Government, the Bank shall be guided in all its actions by the objectives of fostering monetary stability especially as regards stability of the exchange rate and promoting credit conditions conducive to the growth of the economy of Belize.”