The Banco de Guatemala transitioned to the Canadian Bank Note Company for much of its modern production, a relationship that brought consistent intaglio quality to the quetzal series through the 1990s. By 1995, Guatemala's banking system had survived decades of monetary stress — including the inflationary pressures of the 1980s civil conflict period — and this issue circulated during a relatively stable phase following structural adjustment programs negotiated with the IMF earlier that decade.
P#89 is part of a long-running series format that saw incremental security upgrades rather than full redesigns. The security thread on this issue is a simple embedded strip, predating the more sophisticated windowed threads that would appear in later Guatemalan issues.
The Banco de Guatemala transitioned to the Canadian Bank Note Company for much of its modern production, a relationship that brought consistent intaglio quality to the quetzal series through the 1990s. By 1995, Guatemala's banking system had survived decades of monetary stress — including the inflationary pressures of the 1980s civil conflict period — and this issue circulated during a relatively stable phase following structural adjustment programs negotiated with the IMF earlier that decade.
P#89 is part of a long-running series format that saw incremental security upgrades rather than full redesigns. The security thread on this issue is a simple embedded strip, predating the more sophisticated windowed threads that would appear in later Guatemalan issues.