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1 Quetzal

Issuer Banco de Guatemala
Year 1993-1995
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In circulation to 6 January 1997
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Signature(s) 1993 - Willy Zapata Sagastume and Federico Linares
1994 - Willy Zapata Sagastume and Federico Linares
1995 - Willy Zapata Sagastume and Federico Linares
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Protection description General José María Orellana's portrait, visible when held to light; embedded security thread running vertically through the note.
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Comments

The Banco de Guatemala's long reliance on the Canadian Bank Note Company dates to mid-century and reflects a broader regional pattern — several Central American central banks contracted with Ottawa-based security printers precisely because domestic facilities couldn't meet anti-counterfeiting standards. By the early 1990s, Guatemala was still importing its lowest denomination note from Canada, a practical choice given the quetzal's chronic inflation pressure during that decade and the corresponding high-volume print runs required to keep 1-quetzal notes in circulation.

The consistent signature pairing of Zapata Sagastume and Linares across all three years suggests unusual stability at the top of the central bank during a period when Guatemala was navigating its slow exit from decades of military-influenced governance.

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