Breaking: Police officer detained for Human trafficking
December 11, 2016
Rainy weather expected to continue
December 12, 2016

GoB passes amendment to issue up to $1.3 billion in treasury bills


Posted: Sunday, December 11, 2016. 6:10 pm CST.

Posted: Sunday, December 11, 2016. 6:06 p.m. CST.

By BBN Staff: The government approved a motion at last week’s Sitting of the House to amend the Treasury Bills Act.The amendment will seek to raise the limit of principal sums represented by Treasury Bills and Treasury notes.

In essence, the Government of Belize is seeking to print more Belizean dollars to the tune of $1.3 billion.

Deputy Prime Minister, Patrick Faber introduced the bill and Opposition Leader, John Briceno fiercely rebutted.

He emphasized that the government only wants to print more monies so that it can borrow from the Central bank.

“The government is behaving like a crack addict,” he said as he accused GoB of,  “thiefing up the money.”

DPM Faber explained to Briceno that the government needs the money to pay Lord Michael Aschroft for the recent BTL arbitration award settlement.



Аdvеrtіѕе wіth thе most visited news site in Веlіzе ~ Wе оffеr fullу сuѕtоmіzаblе аnd flехіblе dіgіtаl mаrkеtіng расkаgеѕ. Yоur соntеnt іѕ dеlіvеrеd іnѕtаntlу tо thоuѕаndѕ оf uѕеrѕ іn Веlіzе аnd аbrоаd! Соntасt uѕ аt marketing@breakingbelizenews.com оr саll uѕ аt 501-601-0315.


© 2016, BreakingBelizeNews.com. This article is the copyrighted property of Breaking Belize News. Written permission must be obtained before reprint in online or print media. REPRINTING CONTENT WITHOUT PERMISSION AND/OR PAYMENT IS THEFT AND PUNISHABLE BY LAW.

  • larry waight
  • galen university

Leave a Reply

Your email address will not be published. Required fields are marked *