1 Peso

The Compañía Internacional de Billetes de Banco was a Buenos Aires-based security printer active in the 1890s that supplied several Latin American private banks during a period when domestic printing infrastructure was either nonexistent or distrusted. Guatemala's private banking sector in this decade operated under a concession system — the Banco Comercial was one of a handful of institutions licensed to issue currency, a privilege that ended when the government progressively consolidated note-issuing authority in the early twentieth century.

The Argentine printing origin is frequently overlooked. Buenos Aires was a legitimate regional hub for banknote production at this time, not a proxy for European firms.