Guatemalan quetzal 202351 225887743 2008-07-15T21:36:22Z Dove1950 587860 [[WP:UNDO|Undid]] revision 225838665 by [[Special:Contributions/24.91.69.169|24.91.69.169]] ([[User talk:24.91.69.169|talk]]) {{Infobox Currency | currency_name_in_local = quetzal guatemalteco <small>{{es icon}}</small> <!-- Commented out because image was deleted: | image_1 = GuatemalanQuetzal_Front.jpg‎ --> | iso_code = GTQ | using_countries = {{flag|Guatemala}} | inflation_rate = 6.6% | inflation_source_date = ''[https://www.cia.gov/library/publications/the-world-factbook/fields/2092.html The World Factbook]'', 2006 est. | subunit_ratio_1 = 1/100 | subunit_name_1 = [[centavo]] | symbol = Q | plural = quetzales | used_coins = 1, 5, 10, 25, 50 centavo, 1 quetzal | used_banknotes = 1, 5, 10, 20, 50, 100 quetzales | issuing_authority = [[Banco de Guatemala]] | issuing_authority_website = www.banguat.gob.gt }} 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 traditional Spanish) . The plural can be either ''quetzales'' (as it is in Spanish) or ''quetzals'' (in a slightly anglicised form). In ancient [[Maya civilization|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. ==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|peso]]. Until 1987, the quetzal was pegged to and domestically equal to the [[United States|US]] [[United States dollar|dollar]]. ==Coins== In 1925, [[coin]]s 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of 1, 5, 10 centavos, ¼, ½ and 1 quetzal were introduced, although the majority of the 1 quetzal coins were withdrawn from circulation and melted.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 [http://www.expedia.co.uk/daily/wg/P41371.asp?CCheck=1&] *1 centavo *5 centavos *10 centavos *25 centavos *50 centavos *1 quetzal [http://www.banguat.gob.gt/inc/ver.asp?id=/en/currency%20and%20bills/Monedas%20y%20Billetes%20Translation.htm&e=18108 Images of Guatemalan coins] from the Banco de Guatemala page. ==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 [[Banknote|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. {|class="wikitable" style="font-size: 90%" !colspan="7"| Banknotes in Circulation [http://www.banguat.gob.gt/inc/ver.asp?id=/en/currency%20and%20bills/Monedas%20y%20Billetes%20Translation.htm&e=18108] |- !colspan="2"| Image !!rowspan="2"| Value !!rowspan="2"| Main Colour !!colspan="2"| Description !!rowspan="2"|Remark |- ! Obverse !! Reverse !! Obverse !! Reverse |- |align="center" bgcolor="#ffffff" colspan="2"|[[Image:GuatemalanBanknoteQ050BothSides.jpg|200px]] | Q0.50 | Brown | [[Tecún Umán]] | [[Tikal]]'s [[Tikal Temple I|Temple I]] | Not in circulation but still recognized |- |align="center" bgcolor="#ffffff" colspan="2"|[[Image:GuatemalanBanknoteQ100BothSides.jpg|200px]] | Q1 | Green | [[José María Orellana]] | Main building of the [[Banco de Guatemala|Central Bank of Guatemala]] | Reintroduced as a [[polymer banknote]] on [[August 20]],[[2007]] |- |align="center" bgcolor="#ffffff" colspan="2"|[[Image:GuatemalanBanknoteQ00500BothSides.jpg|200px]] | Q5 | Violet | [[Justo Rufino Barrios]] | Education allegory | |- |align="center" bgcolor="#ffffff" colspan="2"|[[Image:GuatemalanBanknoteQ01000BothSides.jpg|200px]] | Q10 | Red | [[Miguel García Granados]] | Picture from the [[Guatemalan National Assembly]] of 1872 | |- |align="center" bgcolor="#ffffff" colspan="2"|[[Image:GuatemalanBanknoteQ02000BothSides.jpg|200px]] | Q20 | Blue | [[Mariano Gálvez]] | Signing of the declaration of [[Central America]]n [[independence]] | |- |align="center" bgcolor="#ffffff" colspan="2"|[[Image:GuatemalanBanknoteQ05000BothSides.jpg|200px]] | Q50 | Orange | [[Carlos Zachrisson]], former [[finance minister]] from 1923 to 1926 | Allegory of the importance of coffee to the country | |- |align="center" bgcolor="#ffffff" colspan="2"|[[Image:GuatemalanBanknoteQ10000BothSides.jpg|200px]] | Q100 | Light brown | [[Francisco Marroquín]], founder of the [[Universidad de San Carlos de Guatemala]] | First university building in [[Antigua Guatemala]] | |- |colspan="7"|{{Standard banknote table notice}} |} 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.<ref> http://www.nachthund.biz/CatalogUpdate/Guatemala/GuatemalaIndex.html Accessed [[2007-03-07]]</ref> {{Exchange Rate|GTQ|MXN}} ==See also== * [[Economy of Guatemala]] ==References== {{Reflist}} ==External links== * [http://www.banguat.gob.gt Banco de Guatemala] {{Standard numismatics external links | world_coin_gallery_1_url = Guatemala | world_coin_gallery_1_name = Guatemala | banknote_world_1_url = guatemala | banknote_world_1_name = Guatemala | dollarization_1_url = | dollarization_1_name = | gfd_1_url = Guatemala | gfd_1_name = Guatemala | gfd_data_1_url = 6133 | gfd_data_1_name = Guatemala Quetzal | show_gfd_excel = Y }} {{Currencies of the Americas}} [[Category:Economy of Guatemala]] [[bg:Кетцал (валута)]] [[ca:Quetzal (moneda)]] [[cs:Guatemalský quetzal]] [[de:Guatemaltekischer Quetzal]] [[el:Κετσάλ]] [[es:Quetzal (moneda)]] [[eu:Quetzal (dirua)]] [[fr:Quetzal guatémaltèque]] [[bpy:গুয়াতেমালান কুয়েটজাল]] [[it:Quetzal guatemalteco]] [[he:קצאל (מטבע)]] [[hu:Guatemalai quetzal]] [[nl:Quetzal (munteenheid)]] [[ja:ケツァル]] [[no:Quetzal (valuta)]] [[pl:Quetzal]] [[pt:Quetzal (moeda)]] [[ru:Кетцаль]] [[sv:Quetzal (valuta)]] [[tg:Квентзали Гватемала]]