The Exchange Control Approvals Unit of the Research Department facilitates the approvals of current transactions dealing with Foreign Exchange XCH1 Permits. Below is the XCH1 Permit for current transactions and guideline procedures.
1. Complete the XCH-1 Application for Foreign Exchange Permit Form. In order to fill out this form, kindly follow the instructions indicated on the Foreign Exchange Guide. 2. Email the completed XCH-1 Application for Foreign Exchange Form, support documentation(s), and name of domestic bank or remittance service provider executing application via email to: [email protected]. Email Guidelines:
Kindly ensure that all applications should have a proper subject title and all supporting documents must be properly labelled upon submission.
SUBJECT TITLE: “NAME OF THE COMPANY”, “APPLICANT NAME” and “RECIPIENT NAME”.
SUPPORTING DOCUMENTS: “NAME OF THE COMPANY” and “THE NAME OF THE TYPE OF SUPPORTING DOCUMENT”.
Also, if you are requesting more than one (1) Foreign Exchange XCH1 Permit, there should be separate emails with supporting documents to validate each transaction.
Applications that are sent as images or any other format other than PDF, will not receive a response until resubmitted via PDF
3. Forms received will be processed by the end of the next business day. Kindly note, the electronic approved XCH-1 Application for Foreign Exchange Form will be emailed to the Applicant.
Exchange Control Act Learn more about the act that allows the Central Bank of Belize to facilitate Exchange Control.