Posted: Wednesday, November 9, 2016. 10:29 a.m. CST.
By Richard Harrison: Belizeans should be worried about the exchange rates they are getting for the currencies they trade with every day.
The official US$ to quetzal exchange has ranged from 7.50 to 7.80 over the past year…..yet the BZ$ is only getting 3.25 to 3.35 quetzal….which is 16% commission.
The official US$ to peso exchange has ranged from 16.50 to 19.98 over the past year….and the BZ$ gets 8.00 to 9.00 pesos…which is 7.3 percent commission.
Belizeans are getting shafted with the Guatemalan exchange….this needs to be corrected.
The views expressed in this article are those of the writer and not necessarily those of Breaking Belize News.
This article was written by Richard Harrison, Belizean investor in production and services businesses in Belize. He holds a Masters in Business Administration degree from Lancaster University
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