10 Quetzales

The Canadian Bank Note Company held the Guatemalan printing contract through much of the latter twentieth century, and this series reflects that long relationship — the intaglio work is characteristic of CBN's output from this period, technically consistent if not adventurous. Guatemala's quetzal had been pegged at 1:1 to the US dollar for decades before that arrangement finally collapsed in the late 1980s under fiscal pressure, and by the time this note entered circulation the exchange rate was floating for the first time in a generation.

P#82 was printed across a three-year window, meaning date variants exist and are worth distinguishing in any serious holding.