Belize Currency, exchange and banks
The national currency is the Belize dollar, which is conveniently fixed at two to one with the US dollar; US dollars are also widely accepted, either in cash or travelers' checks

 

 
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The national currency is the Belize dollar, which is conveniently fixed at two to one with the US dollar (US $1=Bz$2); US dollars are also widely accepted (sometimes preferred), either in cash or travelers' checks. This apparently simple dual currency system can be problematic: it's all too easy to assume the price of your hotel room, or trip for example, is in Belize dollars, only to find payment is demanded in the same number of US dollars - a common cause of misunderstanding and aggravation. All Belizean notes (divided into 100 cents) and coins carry the British imperial legacy in the form of a portrait of Queen Elizabeth, while quarters are called "shillings".

You'll find at least one bank (generally open Mon-Thurs 8am-2.30pm, Fri 8am-4.30pm) in every town, and also in the main seaside destinations of San Pedro, Caye Caulker and Placencia. Although the exchange rate is fixed, banks in Belize will give slightly less than Bz$2 for US$1 for both cash and travelers' cheques; on the other hand, moneychangers at the borders will often give slightly higher rates, especially for larger sums; anywhere else beware of rip-offs. You can usually buy US dollars from the banks and sometimes from hotels or restaurants.

Credit and debit cards are widely used in Belize, with Visa the best option, and are increasingly accepted even in smaller hotels and restaurants, though you might pay an extra 5 or even 7 percent for the privilege - check before you pay. Although banks can give you a Visa / MasterCard cash advance over the counter, Barclays is the only bank which doesn't impose an extra charge to use plastic, and also has the only ATMs which accept foreign-issued cards.

 

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Even traveling as a couple it's difficult to survive on less than US$18 a day per person - though it can be done - but US$25 a day will cover a decent budget hotel, meals and drinks, bus travel and a short taxi ride, for example. For a simple room you can expect to pay at least US$9 single, US$15 double, whereas a night in an up market lodge will set you back anything from US$65 to US$150 (though it's always worth asking for a discount out of season). Food and drink are fairly pricey too, with an average breakfast costing around US$4-5, lunch US$5-7, and dinner US$6-8. A small bottle of Belikin beer, the only local brew, costs at least US$1.60; imported cans cost twice as much.

Bus travel is much more reasonable, with the longest journey in the country, from Belize City to Punta Gorda, costing US$12. A taxi ride within a town costs US$2.50 for one or two people; for more passengers and longer rides agree a price beforehand.

Hotel rooms are subject to a seven percent tax, usually added separately (and many of the more expensive places will also impose a service charge of around ten percent). There's also an eight percent sales tax, which applies to most goods and services (including meals in restaurants, though not to drinks).

 

It doesn't apply to hotel rooms, though some package operators may slap it on anyway; check carefully to see what you're paying.

Leaving Belize you must pay a US$10 exit tax, plus the PACT conservation fee of US$3.75, at all departure points.

Belize
Belize City
Where to go

When to go
Getting around
Costs, money, banks
Currency, exchange
Eating and drinking
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Work and study
Information
The media
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Belize city
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Explore Belize City
North side
South side
Cayo and the west
Belize city to San
   Ignacio

Belize zoo
Belmopan
Practicalities
Monkey Bay Wildlife Sanctuary
Guanacaste Park
Benque Viejo del Carmen
Caracol Ruins
Mountain Pine Ridge Forest Reserve
San Antonio
San Ignacio

    - Arrival
Restaurants
Kayaking,canoeing

Xunantunich, San Jose
Corozal, Orange Walk
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