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5 Quetzales
| Issuer | Banco de Guatemala |
|---|---|
| Year | 1990-1992 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO DE GUATEMALA GUATEMALA CENTRO AMERICA CINCO QUETZALES 5 GERENTE CONTRALOR GENERAL DE CUENTAS PRESIDENTE |
| Reverse description | Log in to see details |
| Reverse lettering | BANCO DE GUATEMALA CINCO QUETZALES 5 AEIOU ABCDE 1 2 3 4 5 6 7 8 9 10 EL GENERAL JUSTO RUFINO BARRIOS FUE PRESIDENTE DEL PAIS E IMPULSOR DE LA UNION CENTROAMERICANA |
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| Comments |
The Canadian Bank Note Company's contract with Banco de Guatemala produced this series during a period of significant monetary pressure — Guatemala's quetzal had been pegged at par with the US dollar since 1925, but by the late 1980s that arrangement had effectively collapsed under fiscal deficits and a parallel black-market rate running several times the official figure. The 1990–1992 printing dates fall squarely in the transition period before the peg was formally abandoned and a managed float introduced in 1989.
Pick 74 is distinguished from earlier quetzal issues by the addition of an embedded security thread, a response to counterfeiting that had plagued the preceding series. The watermark was retained from earlier printings rather than redesigned.