1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 0.3146 BZD (Belize Dollar). It is the official currency of Belize. Belize is situated on the eastern coast of Central America, with Caribbean Sea shorelines and dense jungles. It is denoted as BZ$. BZD is divided into 100 cents. In 1978, Belize Dollar was pegged to the US Dollar at 1 USD = 2 BZ$. Prior to BZD, British Honduras and the Spanish Dollar were used as currency. In 1973, British Honduras was renamed as BZD (Belize Dollar). The governing body of BZD is the Central Bank of Belize. BZD is pegged to the US dollar as 1 USD = 2 BZ$.