The Guatemalan Quetzal (GTQ)

The Guatemalan Quetzal is overseen by the Bank of Guatemala (Banco de Guatemala), which serves as the country’s central bank. The Bank of Guatemala is responsible for issuing banknotes and coins, managing the nation’s monetary policy, and maintaining the stability of the quetzal. Through its policies and regulatory actions, the central bank works to support Guatemala’s economic growth and ensure the soundness of its financial system.

The Guatemalan Quetzal was introduced in 1925, replacing the Guatemalan peso as the country’s official currency. As of 2025, the quetzal is 100 years old. Its introduction marked an important step in modernizing Guatemala’s monetary system and establishing a unique national identity, with the currency named after the country’s iconic and symbolic national bird.

The Guatemalan Quetzal is unique for several reasons. Named after the resplendent quetzal, Guatemala’s national bird and a symbol of liberty, the currency features this bird on its banknotes and coins. Unlike many Latin American currencies that use the peso or dollar, the quetzal’s distinct name and cultural symbolism set Guatemala apart. Its relative stability has also supported the economy and served as a source of national pride.

The story of the Guatemalan Quetzal is deeply intertwined with the country’s national identity and heritage. Introduced in 1925 to replace the Guatemalan peso, the currency was named after the resplendent quetzal, an iconic bird revered by the ancient Maya and still celebrated as a national symbol of freedom. The quetzal was sacred in Mayan culture, believed to represent liberty because it could not survive in captivity. By adopting 'quetzal' for its currency, Guatemala honored its indigenous roots and reinforced national pride. Over the years, the quetzal has remained vital to the economy, featured on currency as a reminder of Guatemala’s rich history and spirit.