Lan, the problem the Belize government has with changing to the US dollar or any other currency that is traded on the world market is that it would have to replace it's currency with that which it is changing to. It would have to obtain enough of the new currency to exchange the Belize dollar that people have for the new currecny. It is "pegged" to US dollar at 2 to 1 only by Belize and in effect you cannot go to the bank and get $1US for $2BZ. That is why the black market exists and in reality the Belize dollar is worth alot less than 50cents US. It would be VERY expensive for the Belize government to acquire the new currency. They just do not have that financial ability and as long as they can continue to avoid changing, they can keep using their Belize money. They much prefer to pay Belizeans with money they say, and only they say, is worth $2BZ to $1US. That is only a reality if someone else will give you $1US for $2BZ. I have yet to find that someone.

PS: as to inflation. The only way Belize is able to falsely represent that it has low or no inflation is because it unilaterally "pegs" the exchange at 2 to 1. The only way to accuratly judge that would be if the Belize dollar was traded on the international market and if that were done it would not trade at 2 to 1 and you would find that the Belize dollar is greatly inflated. The article I refered to that suggests the Belize dollar is worth 3cents US is only one. There are many others that use different formulas to come up with a valuation and they all come up with the Belize dollar being worth A LOT less than 50cents US. None are even close to that value.

PPS: Lan, whenever you come to Belize please look me up and I will gladly exchange your US for BZ at $2BZ for $1US. After all, that is what it's worth, right? wink