1 Peso

The Compañía Colombiana de Billetes de Banco is an unusual credit for a Guatemalan issue — this Colombian printing firm handled a narrow slice of Latin American banknote production in the 1870s before the major security printers from Britain and the United States consolidated their grip on the region's contracts. The Banco Nacional de Guatemala itself was a short-lived institution, operating in the years immediately following the Liberal Reform of 1871 under Justo Rufino Barrios, who restructured state finances aggressively after taking power.

P#S167 is catalogued in the Specialized series, reflecting its private or semi-official issuance status rather than full central government backing.