Timeline

• ??.05.1766
• Creation of the so-called "Bay Currency" based on timber, measured in the trade value of "merchantable unchipped" timber from the logwood (Campeche) tree: 1 Shilling Bay Currency corresponded to about ¼ Shilling Jamaican Currency
• 12.06.1784
• Ordinance on the abolition of the "Bay Currency" and switch to Jamaican accounting; effective 31.05.1785. Rating of Spanish trade coins in Jamaican accounting currency:
  - Spanish Dollar (8 Spanish Reals in silver) at 80 Jamaican Pennies
  - Spanish Doubloon (8 Spanish Escudos in gold) at 120 Jamaican Shillings.
• 21.06.1839
• Governor's proclamation of the rating of Spanish trade coins in Jamaican accounting currency (of 05.11.1838):
  - Spanish Dollar (8 Spanish Reals in silver) at 83⅓ Jamaican Pennies
  - Spanish Doubloon (8 Spanish Escudos in gold) at 108¾ Jamaican Shillings.

Timeline

• 21.02.1855
• Law [18 Vict c. 16] on the adoption of the Dollar of 4 Shillings Sterling as accounting currency and evaluation of the Jamaican accounting at a ratio of 1 : 1⅔ (i.e. by 40.0%); effective ??.??.1855. New rating of Spanish trade coins:
  - Spanish Dollar (8 Spanish Reals in silver) at 1¹⁄₂₄ Dollars (= 50 Pence Sterling)
  - Spanish Doubloon (8 Spanish Escudos in gold) at 16 Dollars (= 64 Shillings Sterling).
• ??.??.1864
• Law [27 Vict. c. 20] on the decimalization of the sub-unit; effective ??.??.1864
• 01.04.1879
• Decision of the local traders on the rating of foreign coins:
  - Guatemalan Peso (AG) = 0.87½ Dollars
  - Mexican Peso (AG) = 0.93¾
  - Spanish Doubloon (AU) = 16.37½ Dollars
  - 10 US Dollars (AU) = 10.50 Dollars
• 19.05.1885
• Mint order on the issuance of a copper subsidiary coin of 1 Cent; went into circulation in July 1885
• 24.11.1887
• Ordinance [No. 8] on the adoption of the Dollar of 25 grams silver 0.900 fine (modelled after the Guatemalan Peso) as accounting currency; effective 01.01.1888 standard: Dollar = Peso (22.50 grams of fine silver); effective immediately (?)
  - Other Latin American silver coins were legal tender up to 50 (Guatemalan) Dollars; the Mexican Peso (AG) was rated as 1.08 (Guatemalan) Dollars.
  - 08.01.1889: Ordinance [No. 1] on the demonetization of the Mexican Peso and other foreign silver coins except for those of Chile and Peru (rated on par with the Guatemalan Dollar); effective 12.01.1889.

Valuation Regimes

• 1855-1887
• Fixed rate against British Pound (in silver coins)
• 1888-1894
• Fixed rate against Guatemalan Peso

Timeline

• 05.10.1894
• Ordinance [Coinage, No. 31] on the adoption of a distinct currency in the gold standard based of the US Dollar; effective 15.10.1894 by governor's proclamation [No. 36] of 09.10.1894
  - United States gold coins on par and British gold coins (at 1 Pound = 4.867 Belizean Dollars) were legal tender for unlimited amounts
  - The silver coins of the 1887 standard were rated as 1 British Honduran Dollar (1887) = 0.50 Belizean Dollar (1894).
  - The 1885 copper subsidiary coin remained valid as one Cent of the reformed currency.
• 05.10.1894
• Ordinance [Currency Notes, No. 32] on the establishment of the Currency Commission and issuance of state paper money; effective upon constitution of the commission on 15.10.1894
• 15.10.1894
• Start of currency exchange:
  - 15.10.1894: Start of issuance of the new paper money and coins
  - 27.10.1894: Demonetization of the Guatemalan silver coins (the legal exchange period was six days, until 21.10.1894, then extended by one week).
• 16.01.1937
• Ordinance [Currency Notes, No. 1] on the termination of gold convertibility of the paper money; effective 01.01.1939
• 01.01.1974
• Start of currency exchange after the change of the country's name:
  - 01.01.1974: Start of issuance of banknotes and coins under the name "Belize"
  - 31.12.1980: Demonetization of paper money in the name of "British Honduras", coins remained in circulation.
• 09.09.1976
• Ordinance [Monetary Authority of Belize, No. 9] on the establishment of the Monetary Authority of Belize out of the Currency Commission; effective upon constitution of the authority on 01.11.1976
• 11.11.1982
• Law [Central Bank Act, No. 15] on the establishment of the Central Bank of Belize; effective 01.01.1982 (retroactive)

Valuation Regimes

• 1894-1949
• Fixed rate against US Dollar
• 1949-1976
• Fixed rate against British Pound
• 1976-
• Fixed rate against US Dollar