BANKNOTES OF GUATEMALA
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Date Pick# Denomination Observations Obverse Reverse
1928 11a 1 Quetzal  
 
1938 14a 1 Quetzal  
 
1936 16a 5 Quetzales  
 
1944 18c 20 Quetzales  
 
1973 58s 1/2 Quetzal  
 
1973 59s 1 Quetzal  
 
1969 60s 5 Quetzales  
 
1971 61s 10 Quetzales  
 
1973 62s 20 Quetzales  
 
1974 63s 50 Quetzales  
 
1972 64s 100 Quetzales  
 
1983 65s 1/2 Quetzal  
 
1983 66s 1 Quetzal  
 
1983 67s 5 Quetzales  
 
1983 68s 10 Quetzales  
 
1983 69s 20 Quetzales  
 
1983 70s 50 Quetzales  
 
1983 71s 100 Quetzales  
 
1998 101 10 Quetzales  
 
1999 102 20 Quetzales  
 
2003 106 5 Quetzales  
 
2003 107 10 Quetzales  
 
2003 108 20 Quetzales  
 


The history of Guatemalan Quetzal
The Guatemalan quetzal was first Introduced as the national currency in 1925, it replaced the Guatemalan peso at a rate of sixty pesos to one quetzal. The quetzal is named after the national bird of Guatemala, the Quetzal bird or Resplendent Quetzal. In ancient Mayan times, the Quetzal birdís tail feathers were used as currency.

In 1945 it was decided that the issue of banknotes would only be allowed by the state and during the same year The Banco de Guatemala was formed. In 1948 the Banco de Guatemala issued its first banknotes and since it has been the sole banknote issuer in the country until this day.

Up until 1979 the value of the quetzal was pegged equal to the US dollar. Both US dollars and quetzals circulated side by side in the country. After 1979 the value of the quetzal has traded freely against other world currencies.

The Guatemalan quetzal is divided into 100 centavos, and its ISO 4217 code is GTQ. The plural of quetzal is quetzales in Spanish or in anglicized form quetzals.

Current banknotes in circulation come in denominations of 50 centavos, 1, 5, 10, 20, 50 and 100 quetzals. Coins currently come in 1, 5, 10, 25, 50 centavos and 1 quetzal.

The Banco de Guatemala issued a new 100 quetzales banknote early this year. The new banknotes is similar to the previous design but has a holographic strip added to improve security. The Banco de Guatemala has announced that a new polymer 1 quetzal banknote will be issued in May 2007. It is also planned that in the not to distant future the Banco de Guatemala will issued new high value banknotes in 200, 500 and 1000 quetzal denominations. The main designs of the front and back, as well as the dominating color of the new banknotes will be determined by the Congress of the Republic of Guatemala, but as of yet no final decision has been announced.
 


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Page created:     20 June 2006
Last Update:      27 April 2007

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