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20 Quetzales

Issuer Banco de Guatemala
Year 1999
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Printer De La Rue (Thomas de la Rue; Thomas De La Rue & Co.; TDLR), London, United Kingdom (1821-date)
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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.
Obverse lettering BANCO DE GUATEMALA GUATEMALA, CENTRO AMERICA VEINTE QUETZALES DOCTOR MARIANO GALVEZ PROCER DE LA INDEPENDENCIA Y JEFE DE ESTADO DE GUATEMALA EN LA FEDERACION CENTROAMERICANA GERENTE GENERAL PRESIDENTE AUTORIZACIÓN 25 DE AGOSTO DE 2006
(Translation: Bank of Guatemala Guatemala, Central America Twenty Quetzales Doctor Mariano Gálvez, Hero of Independence and Head of State of Guatemala in the Central American Federation, General Manager, President, Authorization 25 August 2006)
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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.