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Applications roll in for US Treasury Notes

While the Opposition Party has questioned the use of the US Treasury Notes, the proposal has been well received by Belizeans and others within the region.  This is according to the Central Bank of Belize, who stated in a press release the number of applications and serious inquiries that they have received since the launch of the Note indicate strong interest and the likelihood of a highly successful offering.

While the Opposition Party has questioned the use of the US Treasury Notes, the proposal has been well received by Belizeans and others within the region.  This is according to the Central Bank of Belize, who stated in a press release the number of applications and serious inquiries that they have received since the launch of the Note indicate strong interest and the likelihood of a highly successful offering. The Central Bank also stated that issuance of the Treasury Bills and Notes are in accordance with the Treasury Bills Acts and are always within its authorized borrowing limits. They also mentioned that attracting added reserves by way of a forieng currency issuance has been under consideration for some time now and they considered multiple, highly regarded legal options; however, the Covid-19 crisis sped things up. For further information on the US dollar-denominated Treasury Note, the Central Bank’s Investment and Reserve Management Unit can be contacted at 223-6194, extension 243 or 490.