Quiz Creator - What is the currency of guatemala?

Trivia Question 1: What is the currency of guatemala?

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Answer: Quetzal

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Guatemala's currency is the Quetzal, named after the national bird of Guatemala. The Quetzal is divided into 100 centavos and is abbreviated as GTQ. The currency is named after the Quetzal bird, a symbol of freedom and independence in Mayan culture.

The Quetzal was introduced in 1925 to replace the Guatemalan peso at par. The currency is issued and regulated by the Bank of Guatemala. The Quetzal is widely used in Guatemala for all transactions, including shopping, dining, transportation, and accommodation.

When traveling to Guatemala, it is important to exchange your currency for Quetzales to avoid any inconvenience. While US dollars are widely accepted in tourist areas, it is recommended to have local currency for smaller transactions and to avoid any exchange rate discrepancies.

When exchanging currency in Guatemala, it is advisable to do so at official exchange offices or banks to ensure a fair rate. Avoid exchanging money with street vendors or unofficial sources to prevent any scams or counterfeit currency.

For more information on the currency of Guatemala, you can visit the official website of the Bank of Guatemala here. The website provides up-to-date information on exchange rates, currency regulations, and other related topics.

In conclusion, the currency of Guatemala is the Quetzal, named after the national bird of the country. It is important to exchange your currency for Quetzales when traveling to Guatemala to avoid any inconvenience and to ensure a smooth transaction process. Make sure to exchange money at official exchange offices or banks for a fair rate and to prevent any scams or counterfeit currency.

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