To understand the dynamics at work, one needs to look at the balance of payments — not so much the balance of
trade itself, but the
currency speculation, international lending and arbitrage that has
dominated exchange rates over the past two decades.
Living primarily in Belize City and Orange Walk, they formed an aloof, close - knit community that, by the late 1980s,
dominated Belize City retail
trade and played a major role in
currency exchange and speculation.