5 Quetzales

BA International — the renamed successor to British American Bank Note Company — printed Guatemalan currency for decades, and by 1998 the relationship was well established. The Montreal firm had supplied much of Central America's printed currency since the mid-twentieth century, making Canadian printing houses quietly dominant in a region most would associate with European security printers.

Pick 100 falls within a long-running quetzal series that outlasted several political administrations and a sustained period of IMF-pressured fiscal reform in Guatemala during the 1990s. The security specification here — watermark and thread only — reflects the lower-denomination treatment typical of notes expected to turn over rapidly in daily commerce.