{"id":96544,"date":"2024-09-22T14:24:16","date_gmt":"2024-09-22T14:24:16","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/what-is-the-money-in-guatemala\/"},"modified":"2024-09-22T14:24:16","modified_gmt":"2024-09-22T14:24:16","slug":"what-is-the-money-in-guatemala","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/what-is-the-money-in-guatemala\/","title":{"rendered":"What is the money in Guatemala?"},"content":{"rendered":"

Guatemala, a beautiful Central American country known for its rich culture and stunning landscapes, also has a unique currency system in place. So, what is the money in Guatemala? The official currency of Guatemala is the Guatemalan Quetzal, which is abbreviated as Q. Named after the national bird of Guatemala, the quetzal, the currency comes in both coins and banknotes.<\/p>\n

The Guatemalan Quetzal was introduced in 1925 to replace the Central American peso at a rate of 1 quetzal to 60 pesos. The quetzal is divided into 100 centavos. The banknotes are available in denominations of 1, 5, 10, 20, 50, 100, and 200 quetzales, while the coins are available in denominations of 1, 5, 10, 25, 50 centavos, and 1 quetzal.<\/p>\n

The monetary system in Guatemala operates under the supervision of the Bank of Guatemala, which is the country’s central bank. The Bank of Guatemala is responsible for issuing and regulating the circulation of the Guatemalan Quetzal. The quetzal is not pegged to any other currency and its value fluctuates based on market conditions.<\/p>\n

\n
\n

Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n