100 Quetzales

P#95 sits within a transitional period for Guatemalan currency design — the early 1990s saw Banco de Guatemala working with De La Rue to update its higher denominations with upgraded security architecture. The see-through register on this note, where split imagery on face and back align precisely when held to light, was a relatively recent addition to De La Rue's commercial security toolkit at the time, and its inclusion on the 100 Quetzal denomination — the highest in everyday circulation — reflected specific concern about counterfeiting at that value level.

Guatemala's currency had remained remarkably stable against the dollar through the late 1980s before slipping sharply in the early 1990s. That instability drove demand for the 100 Quetzal note into territory it hadn't previously occupied.