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20 Quetzales

Issuer Banco de Guatemala
Year 2010-2020
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Value 20 Quetzales
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Reverse description The central vignette, engraved in fine intaglio, portrays the signing of the Act of Independence of Central America, showing a gathering of delegates in a colonial hall with barred windows and a tall clock in the background. This scene is enclosed within a hexagonal frame bordered by ornate guilloche work and Pre-Columbian decorative motifs. At left and right, Maya jade figurine vignettes in red serve as secondary decorative elements, with the Guatemalan flag repeated at upper right and denomination numerals in red at lower right.
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Variants P#124a - 19.05.2010 Printer: Canadian Bank Note
P#124b - 11.05.2011 Printer: GOZNAK, Moscow
P#124c - 17.10.2012 Printer: Joh. Enschedé, Netherlands
P#124d - 14.05.2014 Printer: Oberthur Technologies, France
P#124e - 28.01.2015 Printer: Oberthur Fiduciaire, France
Comments

The Banco de Guatemala has issued notes under a broadly stable design framework since the mid-1990s, with incremental security upgrades rather than wholesale redesigns. This series, printed by Oberthur Fiduciaire in Rennes, reflects that continuity — the shift to Oberthur came after earlier series had been handled by other European security printers, and the French firm's production quality is consistent throughout the decade-long date range.

The quetzal's persistent stability against the dollar during much of the 2010s reduced inflationary pressure on the denomination ladder, meaning 20-quetzal notes from this period circulated heavily and worn examples are far more common than choice ones.

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