Guatemalan quetzal

Short description: Currency of Guatemala

Guatemalan quetzalquetzal guatemalteco (Spanish)

Q1 banknote displaying José María Orellana

ISO 4217
Code| GTQ (numeric: 320)
Subunit| 0.01
Unit
Plural| quetzales
Symbol| Q
Denominations
Subunit|
​1⁄100| centavo
Banknotes| 1, 5, 10, 20, 50, 100, 200 quetzales
Coins| 5, 10, 25, 50 centavos, 1 quetzal
Demographics
Date of introduction| 1925
Replaced| Guatemalan peso
User(s)|  Guatemala
Issuance
Central bank| Bank of Guatemala
Website| www.banguat.gob.gt
Printer| Polska Wytwórnia Papierów Wartościowych (pl)
Website| Polska Wytwórnia Papierów Wartościowych
Valuation
Inflation| 6.2%
Source| Link

The quetzal (es; code: GTQ) is the currency of Guatemala, named after the national bird of Guatemala, the resplendent quetzal. In ancient Mayan culture, the quetzal bird's tail feathers were used as currency. It is divided into 100 centavos, or len (plural lenes) in Guatemalan slang. The plural is quetzales.

## Contents

* 1 History
* 2 Coins
* 3 Banknotes
* 4 Out of circulation
* 5 Exchange rate
* 6 See also
* 7 References
* 8 External links

## History

The quetzal was introduced in 1925 during the term of President José María Orellana, whose image appears on the obverse of the one-quetzal bill. It replaced the Guatemalan peso at the rate of 60 pesos = 1 quetzal.[1] Until 1987, the quetzal was pegged to and domestically equal to the United States dollar. The currency was named after the country's famous bird, the Quetzal, which is also on the flag of Guatemala.

## Coins

Coins of the quetzal

In 1925, coins in denominations of 1, 5, 10 centavos, ​1⁄4, ​1⁄2 and 1 quetzal were introduced, although the majority of the 1 quetzal coins were withdrawn from circulation and melted. ​1⁄2 and 2 centavo coins were added in 1932. Until 1965, coins of 5 centavos and above were minted in 72% silver. ​1⁄2 and 1 quetzal coins were reintroduced in 1998 and 1999, respectively.

The coins currently in circulation are disc-shaped and include Guatemala's national coat of arms on the obverse.[2] The coins, and their reverse designs are:

* 5 centavos: the tree of liberty and the motto "LIBRE CREZCA FECUNDO (Grow free and fecund)"[2]
* 10 centavos: a monolith from Quiriguá[2]
* 25 centavos: an indigenous woman,[2] Concepción Ramírez[3]
* 50 centavos: Monja Blanca, the national flower[2]
* 1 quetzal: a stylized dove, the word "Paz (Peace)", and the date “29 de Diciembre de 1996 (29 December 1996)”[2]

## Banknotes

The first banknotes were issued by the Central Bank of Guatemala in denominations of 1, 2, 5, 10, 20 and 100 quetzales, with ​1⁄2 quetzal notes added in 1933. In 1946, the Bank of Guatemala took over the issuance of paper money, with the first issues being overprints on notes of the Central Bank. Except for the introduction of 50 quetzal notes in 1967, the denominations of banknotes remained unchanged until ​1⁄2 and 1 quetzal coins replaced notes at the end of the 1990s.

In the top-right corner of the obverse face of each banknote, the value is displayed in Mayan numerals, representing Guatemala's cultural history.

Banknotes in circulation[2][4] Image | Value | Main Color | Description | Remark

|
|
|
|

Obverse | Reverse | Obverse | Reverse
200px  | Q1  | Green  | José María Orellana, President of Guatemala during the Currency Reform that introduced the Quetzal as the official currency.  | Main building of the Central Bank of Guatemala  | Reintroduced as a polymer banknote on August 20, 2007. A Commemorative paper note was introduced in 2024 to celebrate 100 years of the quetzal.
200px  | Q5  | Violet  | Justo Rufino Barrios, Co-Leader of the Liberal Revolution of 1871.  | Education allegory  | Changed to a polymer banknote on November 14, 2011[5] Subsequently reintroduced on a cotton paper substrate.
200px  | Q10  | Red  | Miguel García Granados, Deputy and Main Leader of the Liberal Revolution of 1871.  | Picture from the Guatemalan National Assembly of 1872  |
200px  | Q20  | Blue  | Mariano Gálvez, State Leader of the State of Guatemala, within the United Provinces of Central America.  | Signing of the declaration of Central American independence  |
200px  | Q50  | Orange  | Carlos O. Zachrisson (es), finance minister from 1923 to 1926  | Allegory of the importance of coffee to the country  |
200px  | Q100  | Sepia  | Francisco Marroquín, First Bishop of the Realm of Guatemala, and Founder of the Universidad de San Carlos de Guatemala | First university building in Antigua Guatemala  |
200px  | Q200  | Aqua  | Sebastian Hurtado, Mariano Valverde (es), German Alcántara (es). Three marimba composers.  | Allegory of the marimba, the national instrument, Musical score of La Flor del Café by Alcántara.  | A new version of the Q200 note was introduced in 2022 and features a SPARK security patch.
For table standards, see the banknote specification table.

The Bank of Guatemala has introduced a polymer banknote of 1 quetzal on August 20, 2007, followed by a 5 quetzal polymer banknote on November 14, 2011. Both the 1 and 5 quetzal notes are once again on a paper substrate as of 2024.

## Out of circulation

The fifty-cent quetzal bill is out of circulation, but it still has value.

Fifty-Cent Quetzal Banknote  Image | Value | Main Color | Description | Remark

|
|
|
|

Obverse | Reverse | Obverse | Reverse
200px  | Q0.50  | Brown  | Tecún Umán, Prince and Commander-and-Chief of the Quiche Realm during the Spanish Conquest.  | Tikal's Temple I  | No longer in circulation
For table standards, see the banknote specification table.

## Exchange rate

Current GTQ exchange rates

From Google Finance:  | AUD CAD CHF CNY EUR GBP HKD JPY USD MXN
From Yahoo! Finance:  | AUD CAD CHF CNY EUR GBP HKD JPY USD MXN
From XE.com:  | AUD CAD CHF CNY EUR GBP HKD JPY USD MXN
From OANDA:  | AUD CAD CHF CNY EUR GBP HKD JPY USD MXN

## See also

* Economy of Guatemala

## References

1. ↑ "Banco de Guatemala". http://www.banguat.gob.gt/inc/ver.asp?id=/en/currency+and+bills/Tran.Resena.htm.
2. ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 banguat.gob.gt
3. ↑ "The woman on the 25-cent coin and other voices from Guatemala's genocide" (in en-US). 2017-08-23. http://www.entremundos.org/revista/uncategorized/the-woman-on-the-25-cent-coin-and-other-voices-from-guatemalas-genocide/?lang=en.
4. ↑ "banguat.gob.gt". http://www.banguat.gob.gt/inc/ver.asp?id=/Publica/monedasybilletes/ilustraciones-denominaciones.htm&e=119361.
5. ↑ "banguat.gob.gt". http://www.banguat.gob.gt/inc/ver.asp?id=/publica/5/5.htm.

## External links

* Banco de Guatemala Script error: The function "in_lang" does not exist.
* Images of Guatemalan coins from the Banco de Guatemala page
* Banco de Guatemala currency in circulation
* The banknotes of Guatemala Script error: The function "in_lang" does not exist.

Template:Guatemala topics

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Currencies of the Americas

North|

* Bermudian dollar
* Canadian dollar
* Danish krone
* Euro
* Mexican peso
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Caribbean|

* Aruban florin
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* Euro
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Central|

* Bitcoin
* Belize dollar
* Costa Rican colón
* Guatemalan quetzal
* Honduran lempira
* Nicaraguan córdoba
* Panamanian balboa
* U.S. dollar
* Salvadoran colón(non-circulating)

South|

* Argentine peso
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