Guatemalan_quetzal

From Wikipedia, the free encyclopedia Guatemalan quetzal Guatemalan quetzal Guatemalan quetzal quetzal guatemalteco (Spanish) Guatemalan standard. quetzal) utilized the gold Coins ISO 4217 Code User(s) Inflation Source Subunit 1/100 Symbol Plural Coins Banknotes Central bank Website GTQ Guatemala 11.47 Banco de Guatemala , September 2008. centavo Q quetzales 1 centavo, 5, 10, 25, 50 centavos, 1 quetzal 1, 5, 10, 20, 50, 100 quetzales Banco de Guatemala www.banguat.gob.gt Quetzal (coins) In 1925, coins in denominations of 1, 5, 10 centavos, ¼, ½ and 1 quetzal were introduced, although the majority of the 1 quetzal coins were withdrawn from circulation and melted. ½ and 2 centavos coins were added in 1932. Until 1965, coins of 5 centavos and above were minted in 72% silver. ½ and 1 quetzal coins were reintroduced in 1998 and 1999, respectively. Coins currently in circulation are [1] • 1 centavo • 5 centavos • 10 centavos • 25 centavos • 50 centavos • 1 quetzal The quetzal (ISO 4217 code: GTQ) is the currency of Guatemala. It is named after the national bird of Guatemala, the Resplendent Quetzal and is divided into 100 cents (centavos in legal Spanish or lenes in Guatemalan slang). The plural can be either quetzales (as it is in Spanish) or quetzals (in a slightly anglicised form). In ancient Mayan culture, the quetzal bird’s tail feathers were used as currency. Having currency named after the bird carries a strong historical value indicative of the native people of Guatemala. Banknotes The first banknotes were issued by the Central Bank of Guatemala in denominations of 1, 2, 5, 10, 20 and 100 quetzales, with ½ quetzal notes added in 1933. In 1946, the Bank of Guatemala took over the issuance of paper money, with its first issues being overprints on notes of the Central Bank. Except for the introduction of 50 quetzales notes in 1967, the denominations of banknotes were unchanged until ½ and 1 quetzal coins replaced notes at the end of the 1990s. The Bank of Guatemala has briefly introduced a polymer banknote of 1 quetzal on August 20, 2007. The introduction of banknotes in the denominations of 200, 500 and 1000 quetzals is still pending congress’s approval.[1] The design of the new bank notes are presumed to be [2]: • The 200 quetzales bill main theme in the reverse will be the marimba, as the 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 peso. Until 1987, the quetzal was pegged to and domestically equal to the United States dollar and before the pegging to the US dollar, it was pegged to the French franc as well as it (the 1 From Wikipedia, the free encyclopedia Banknotes in Circulation [2] Image Value Main Description Colour Obverse Obverse Reverse Guatemalan quetzal Remark Reverse Not in circulation but still recognized Reintroduced as a polymer banknote on August 20,2007 Q0.50 Brown Tecún Umán, Prince and Tikal’s Commander-and-Chief of the Temple I Quiche Realm during the Spanish Conquest. 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 Q5 Violet Justo Rufino Barrios, CoEducation Leader of the Liberal Revolu- allegory tion of 1871. Miguel García Granados, De- Picture from puty and Main Leader of the the GuatemLiberal Revolution of 1871. alan National Assembly of 1872 Mariano Gálvez, State Leader of the State of Guatemala, within the United Provinces of Central America. Signing of the declaration of Central American independence Allegory of the importance of coffee to the country First university building in Antigua Guatemala Q10 Red Q20 Blue Q50 Orange Carlos Zachrisson, Former finance minister from 1923 to 1926 Q100 Light brown Francisco Marroquín, First Bishop of the Realm of Goathemala, and Founder of the Universidad de San Carlos de Guatemala For table standards, see the banknote specification table. national instrument. In the oberse it will contain the images of three Guatemalan mucisians: German Alcántara, Mariano Valverde, and Sebastián Hurtado. The dominant color will be aqua. - According to the Banco de Guatemala, this bill will begin circulation at the end of 2009 [3] • The 500 quetzales bill main theme in the reverse will be an allegory of the Mayan myth of creation from the Popol Vuh and Guatemalan literature, while in the oberse the image of Miguel Ángel Asturias will be found. The dominant color will be gray. • The 1000 quetzales bill main theme in the reverse will be an allegory of the Guatemalan roots. The oberse will contain the images of four people belonging to Guatemalan races, Ladino, Mayan representing 21 of the Amerindian ethnic groups, Garifuna, and Xinca. The dominant color will be ocre. Current GTQ exchange rates From Yahoo! Finance: From XE.com: AUD CAD CHF EUR GBP HKD JPY USD MXN AUD CAD CHF EUR GBP HKD JPY USD MXN 2 From Wikipedia, the free encyclopedia From OANDA.com: AUD CAD CHF EUR GBP HKD JPY USD MXN Guatemalan quetzal GuatemalaIndex.html Accessed 2007-03-07 [2] http://guatemalabanknotes.blogspot.com/ [3] http://www.centralamericadata.com/en/ article/home/ Guatemala_to_Issue_200_Quetzal_Bills See also • Economy of Guatemala References [1] http://www.nachthund.biz/ CatalogUpdate/Guatemala/ External links • Banco de Guatemala • Images of Guatemalan coins from the Banco de Guatemala page Retrieved from "http://en.wikipedia.org/wiki/Guatemalan_quetzal" Categories: Currencies of the Americas, Circulating currencies, Economy of Guatemala This page was last modified on 6 April 2009, at 21:52 (UTC). All text is available under the terms of the GNU Free Documentation License. (See Copyrights for details.) 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