The El Salvador colon was 2.50 to 1 until 1986 when it was devalued to 5 to 1 and at the change to dollarization it was 8.75 to 1.

If the same holds true for Belize as for other countries that went to the dollar, and from all the accounts of what the Belize dollar is actually worth, it will be the people of Belize that have all of their savings in Belize dollars that will be hurt.

Once again Chris, we are in agreement that dollariztion could be good for Belize. I just think it important for all to realize the sacrafices that will have to be made. It is not a simple solution without consequences.