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| 正面描述 | Green and red bicolour print with a portrait vignette of General José María Orellana at left, set against a background scene of workers loading bales using a steam crane. A Quetzal bird is perched atop a column at right, with the date of issue printed vertically along the left margin. |
|---|---|
| 正面铭文 | Banco Central de Guatemala Pagara al portador á la vista, en efectivo y á la par UN QUETZAL GUATEMALA Acuerdo de 17 de Marzo de 1934. (Translation: Central Bank of Guatemala Pay the bearer in cash at sight and at par One Quetzal Guatemala According March 17th., 1934.) |
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Waterlow & Sons printed this series before Guatemala had settled on a permanent legislative framework for its new central bank — hence the absence of a law date, a deliberate omission rather than an oversight. The Banco Central de Guatemala was only established in 1926, replacing the old system of competing commercial bank issuers, and these early Waterlow printings belong to the transitional window before the 1926 Monetary Law was formally cited on circulating notes.
Waterlow's work for Central American issuers in this period was consistent in quality; the paper stock tends to hold up well, though toning along fold lines is common in Guatemalan issues of this generation owing to humid storage conditions in the region.