What is the "Overpriced Currency Exchange at Piers" scam in Belize City?

Question

Accepted Answer

Informal currency exchangers near the Tourism Village and at the water taxi terminal offer BZD exchange for USD at rates that appear competitive but include hidden fees or short-count the Belizean dollars returned. The official rate is 2 BZD to 1 USD, which most businesses honour directly. Belize City businesses and taxis widely accept USD at the 2:1 rate — there is rarely a need to exchange currency for a short visit. If you need BZD, use a bank ATM in the city centre which dispenses BZD at the correct rate. Never exchange with street-level vendors.

Money & ATM Scams in Belize City

Overpriced Currency Exchange at Piers

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