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Central Bank ensures protection for Scotiabank’s customer

The Central Bank of Belize is ensuring that the process of acquisition of shares from Scotiabank by the Caribbean Investment Holdings Limited goes smoothly. According to a press release from Central Bank, both parties have made assurances that Scotiabank’s customers and employees will be protected.

The Central Bank of Belize is ensuring that the process of acquisition of shares from Scotiabank by the Caribbean Investment Holdings Limited goes smoothly. According to a press release from Central Bank, both parties have made assurances that Scotiabank’s customers and employees will be protected. The acquisition process will also not change the way that customers access their accounts. It is in the Central Bank’s interest to safeguard the monetary and financial systems stability as well as to protect the Belize dollar. The Central Bank has commenced a detail review of the agreement between the two parties and will ensure that foreign currency already in the banking system is not used for purposes of this sale