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In Caye Caulker, there were unofficial wind estimates of 125 mph (201 km/h) and the hurricane produced a 4 ft (1.2 m) storm surge. In mainland Belize, wind gusts reached 61 mph (98 km/h) at the Philip S. W. Goldson International Airport. Many areas of Belize lost power and telephone service, which included Belize City. More than 130 houses were ...
The Belize government printed a new postage stamp to help pay for reconstruction costs, and officials authorized spending $1.2 million to rebuild damaged homes. To assist the farmers who lost crops, the Belize government provided 18,000 lb (8,200 kg) of maize seeds, as well as fertilizer. [ 32 ]
The new government faces important challenges to economic stability. Rapid action to improve tax collection has been promised, but a lack of progress in reining in spending could bring the exchange rate under pressure. The Belize dollar is fixed to the U.S. dollar at a rate of 2:1. [16]
Belize is a country on the eastern coast of Central America bordered on the north by Mexico, on the south and west by Guatemala, and on the east by the Caribbean Sea. Belize has a small, mostly private enterprise economy that is based primarily on export of petroleum and crude oil , agriculture, agro-based industry, and merchandising, with ...
Approximately 1.5 miles (2.4 km) long, the Maya Beach area is made up of homes, small resorts and a few retail establishments including two small grocery stores, a half-dozen bars & restaurants, and an art gallery. Placencia is known for the longest main street which is a sidewalk with many local gift shops, beach bars, hotels and cabanas.
The International Financial Services Commission (IFSC) is the Belize government agency responsible for financial regulation. It is responsible for regulating all financial market participants, exchanges and the setting and enforcing of financial regulations. A number of international online forex brokers obtain their international license from ...
[1] Jules Vasquez was born in Belize City to parents Nestor and Hazel Vasquez. Nestor Vasquez is a Belizean businessman who is chairman of Belize Telemedia Limited (BTL) [2] and vice chairman of the Central Bank of Belize. [3] Nestor Vasquez founded Tropical Vision Limited in 1981. Jules attended St. John's College in Belize City before ...
Beginning on February 14, 1994, 7 News began producing its own newscast, running opposite Great Belize Television's News 5 Live at 6:30 PM Central. There are no regular weekend newscasts other than Friday repeats; 7 News has aired two one-time only Saturday evening newscasts, the latest coming in April 2005 in the midst of the protests in Belize.