Belize introduces new banknotes, replacing Queen Elizabeth II with national heroes

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If you’re visiting Belize from late 2025 onward, you’ll notice two versions of cash in circulation. Some bills feature Queen Elizabeth II, while others highlight Belizean leaders. This change comes from a new series of banknotes introduced in August 2025.

See also: Brief History of Belize & Overview of Belize’s Economy

The Belize dollar itself hasn’t changed. It’s still fixed at $2 BZD = $1 USD. Both the old and new notes are legal tender, so you can use them interchangeably. Over time, the older bills will gradually be phased out.

A Fresh Look for Belize Currency

For decades, Belize’s money featured Queen Elizabeth II. That’s now changing. The new notes highlight two Belizean national heroes, both celebrated for their lasting influence on the country’s politics and independence.

• George Cadle Price, featured on the $5, $20, and $100 notes, is remembered as the Father of the Nation who guided Belize to independence in 1981 and became its first Prime Minister. 
• Philip Goldson, featured on the $2, $10, and $50 notes, was a founding member of both of Belize’s major political parties and is honored for his defense of national sovereignty and commitment to democracy.

The colors and sizes stay nearly the same, so travelers will find the bills easy to recognize.

Why the Change?

Belize updated its banknotes for three main reasons:

1. The new banknotes provide stronger security, with holograms, watermarks, and tactile features designed to reduce counterfeiting.
2. They reflect national pride by replacing a foreign monarch with Belize’s own leaders.
3. The redesign offers a modern look, marking the first major refresh in decades.

Using Money in Belize

Day-to-day transactions in Belize remain straightforward, whether you’re using the new bills or the older ones still in circulation. Here are a few practical tips for travelers:

• The exchange rate stays fixed at $2 BZD = $1 USD.
• U.S. dollars are widely accepted, but change is usually given in Belize dollars.
• Both old and new notes are valid; Queen Elizabeth bills remain legal tender for now.
• ATMs may still dispense older bills during the transition.
• Most tourist-oriented businesses such as hotels, restaurants, gift shops, and tour operators accept credit cards, but it’s always smart to keep some cash on hand.
• Carry smaller bills for markets, taxis, and local food stalls.

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