The quetzal (locally[keˈtsal]; 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.
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.
CoinsEdit
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of 1, 5, 10 centavos, 1⁄4, 1⁄2 and 1 quetzal were introduced, although the majority of the 1 quetzal coins were withdrawn from circulation and melted. 1⁄2 and 2 centavo coins were added in 1932.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:
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.
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.
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The quetzal locally keˈtsal 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 Guatemalan quetzalquetzal guatemalteco Spanish ISO 4217CodeGTQ numeric 320 Subunit0 01UnitPluralquetzalesSymbolQ DenominationsSubunit 1 100centavoBanknotes1 5 10 20 50 100 200 quetzalesCoins1 5 10 25 50 centavos 1 quetzalDemographicsDate of introduction1925ReplacedGuatemalan pesoUser s GuatemalaIssuanceCentral bankBank of Guatemala Websitewww wbr banguat wbr gob wbr gtPrinterPolish Security Printing Works pl WebsitePolska Wytwornia Papierow WartosciowychValuationInflation3 86 SourceBanco de Guatemala December 2010 Contents 1 History 2 Coins 3 Banknotes 4 Exchange rate 5 See also 6 References 7 External linksHistory EditThe quetzal was introduced in 1925 during the term of President Jose Maria 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 Coins Edit nbsp Coins of the quetzalIn 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 1 centavo Friar Bartolome de las Casas 2 5 centavos the tree of liberty and the motto LIBRE CREZCA FECUNDO Grow free and fecund 2 10 centavos a monolith from Quirigua 2 25 centavos an indigenous woman 2 Concepcion Ramirez 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 EditThe 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 RemarkObverse Reverse Obverse Reverse nbsp Q0 50 Brown Tecun Uman Prince and Commander and Chief of the Quiche Realm during the Spanish Conquest Tikal s Temple I No longer in circulation but still recognized nbsp Q1 Green Jose Maria 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 nbsp 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 nbsp Q10 Red Miguel Garcia Granados Deputy and Main Leader of the Liberal Revolution of 1871 Picture from the Guatemalan National Assembly of 1872 nbsp Q20 Blue Mariano Galvez State Leader of the State of Guatemala within the United Provinces of Central America Signing of the declaration of Central American independence nbsp Q50 Orange Carlos Zachrisson Former finance minister from 1923 to 1926 Allegory of the importance of coffee to the country nbsp Q100 Sepia Francisco Marroquin First Bishop of the Realm of Guatemala and Founder of the Universidad de San Carlos de Guatemala First university building in Antigua Guatemala nbsp Q200 Aqua Sebastian Hurtado Mariano Valverde German Alcantara Three marimba composers Allegory of the marimba the national instrument Musical score of La Flor del Cafe by Alcantara 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 Exchange rate EditCurrent GTQ exchange ratesFrom Google Finance AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USDFrom Yahoo Finance AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USDFrom XE com AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USDFrom OANDA AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USDSee also EditEconomy of GuatemalaReferences Edit Banco de Guatemala a b c d e f g h banguat gob gt Archived 2007 06 07 at the Wayback Machine The woman on the 25 cent coin and other voices from Guatemala s genocide EntreMundos 2017 08 23 Retrieved 2020 01 05 banguat gob gt banguat gob gtExternal links EditBanco de Guatemala in Spanish Images of Guatemalan coins Archived 2018 08 14 at the Wayback Machine from the Banco de Guatemala page Banco de Guatemala currency in circulation The banknotes of Guatemala in English German and French Portals nbsp Central America nbsp Guatemala nbsp Money nbsp Numismatics Retrieved from https en wikipedia org w index php title Guatemalan quetzal amp oldid 1177644244, wikipedia, wiki, book, books, library,
