The quetzal is the official currency of Guatemala. Named after the national bird of Guatemala, the quetzal has been the country's currency since 1925, replacing the peso. The quetzal is divided into 100 centavos and is abbreviated as GTQ.
As one of the most stable currencies in Central America, the quetzal is widely accepted throughout Guatemala for transactions. The currency is issued by the Bank of Guatemala, which is responsible for regulating and controlling the circulation of money in the country.
When visiting Guatemala, it is important to familiarize yourself with the quetzal currency and its denominations. Banknotes are available in denominations of 1, 5, 10, 20, 50, 100, and 200 quetzales, while coins are available in denominations of 1, 5, 10, 25, and 50 centavos, as well as 1 quetzal.
Exchanging currency in Guatemala is relatively easy, with many banks and exchange bureaus available throughout the country. It is recommended to exchange currency at official institutions to ensure you receive the best rates and avoid counterfeit money.
When using the quetzal currency in Guatemala, it is important to be mindful of the current exchange rate and any additional fees that may apply when converting foreign currency. Many businesses in Guatemala accept US dollars as well, so it is always good to have a mix of both currencies on hand.
Overall, the quetzal currency plays a crucial role in the economy of Guatemala and is an important symbol of the country's cultural and natural heritage. Whether you are a tourist visiting Guatemala or a local resident, understanding the quetzal currency and how to use it effectively is essential for navigating the country's financial landscape.
In conclusion, the quetzal is the currency of Guatemala, representing the rich history and biodiversity of this Central American nation. By familiarizing yourself with the quetzal currency and its value, you can make the most of your time in Guatemala and enjoy all that this beautiful country has to offer.
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