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20 Quetzales
| Issuer | Banco de Guatemala |
|---|---|
| Year | 1999 |
| Type | Standard circulation banknote |
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| Obverse description | Intaglio portrait of Dr. Mariano Gálvez at right, set against a stepped pyramid vignette rendered in blue and grey guilloche. At left, a multicolour quetzal bird in flight and a Mayan deity figure appear within the underprint, alongside a Mayan glyph panel in the centre. The large numeral '20' in intaglio occupies the centre field above the denomination text, with two facsimile signatures for Gerente General and Presidente below; the authorization date is printed vertically at far left. |
|---|---|
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| Protection type | Watermark, Security thread |
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| Comments |
Guatemala's Q20 series of this period was issued during a stretch of relative monetary stability following the Banco de Guatemala's painful adjustment to floating exchange rates in the early 1990s — a transition that had eroded public confidence in paper currency for most of that decade. By 1999, the quetzal had found a workable equilibrium, and the de la Rue contract represented a deliberate signal of institutional normalcy.
P#102 is a workhorse denomination with no notable printing varieties or major error types documented for this year.