1 Dollar Central Bank

Belize switched its dollar coinage to nickel brass for the higher denominations in the early 2000s, a practical response to rising metal costs that had made the older cupro-nickel strikes increasingly expensive to produce relative to face value. The Central Bank of Belize, established in 1982 following independence from Britain in 1981, has maintained a fixed exchange rate of 2 Belize dollars to 1 US dollar since 1978 — a peg that has held without devaluation for over four decades, making the currency unusually stable by regional standards.