5 Quetzales

Guatemala's quetzal series of this period was produced under a long-standing relationship with De La Rue that dated back to earlier decades of Banco de Guatemala issuance. P#92 falls within a transitional phase for the series — the early 1990s saw Guatemala stabilizing after the economic turbulence of the 1980s, when the quetzal had been pegged at parity with the US dollar but experienced significant black market pressure before a managed float was introduced in 1989.

The security thread on this issue is a simple embedded metallic type, reflecting De La Rue's standard specification for mid-tier production runs of that period rather than the more sophisticated windowed threads the printer was simultaneously deploying on higher-security contracts elsewhere.