15/08/2018: Elections and Political Uncertainty
The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.
01/05/2017: Introduction of a two-dollar coin
Belize introduced a new denomination in the form of a two-dollar coin, reducing the dependency on smaller denomination banknotes.
22/01/2015: Real Hits 10-Year Low
The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.
26/09/2011: Launching of new designs
The Central Bank of Belize introduced a new series of banknotes with updated designs, depicting prominent national landmarks and personalities.
15/09/2008: Global Financial Crisis Impact
As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.
27/07/2005: New Currency Symbol
The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.
18/06/2002: Exchange Rate Floatation
The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.
24/06/2001: Introduction of polymer banknotes
Belize became one of the first countries in the region to introduce polymer banknotes, enhancing durability and security.
15/01/1999: Devaluation of the Real
Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.
01/07/1994: Introduction of the Real Plan
The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat inflation.
01/04/1990: Establishment of the Central Bank of Belize
The Central Bank of Belize was established to oversee monetary policies and ensure financial stability in the country.
01/12/1982: Conversion to decimal currency
Belize adopted a decimal currency system with the introduction of a new series of banknotes and coins.
01/07/1978: Independence of Belize
Belize gained independence from the United Kingdom, solidifying the Belize dollar as the national currency.
01/11/1976: Introduction of the Belize dollar
The Belize dollar was introduced as the official currency of Belize to replace the British Honduran dollar.