Belize paper evaluates value of currency peg

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Belize's currency peg to the US dollar has supported export growth and the economy's openness during the past 30 years, according to a working paper published by the Central Bank of Belize.

The Belize dollar has been pegged to the US dollar since 1976, at an exchange rate of 2:1, and the paper's author, Ydahlia Metzgen, weighs up the benefits and costs the regime has entailed.

Metzgen finds the country has – broadly – retained its competitiveness. Between June 2008 and March 2010, the real

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