Guatemalan quetzal dollar, it was pegged to the French franc as well, since the quetzal utilized the gold standard. In 1925, coins in denominations of 1, 5, 10 centavos, , and 1 quetzal were introduced, although the majority of the 1 quetzal coins were withdrawn from circulation and melted. and 2 centavos coins were added in 1932. Until 1965, coins of 5 centavos and above were minted in 72% silver. and 1 quetzal coins were reintroduced in 1998 and 1999, respectively. Coins currently in circulation are: The first banknotes were issued by the Central Bank of Guatemala in denominations of 1, 2,
Resplendent quetzal country's currency, the Guatemalan quetzal (abbreviation GTQ). The resplendent quetzal was first described by Mexican naturalist Pablo de La Llave in 1832. It is one of five species of the genus "Pharomachrus" known as quetzals. The term "quetzal" was originally used for just this species, but is now applied to all members of the genera "Pharomachrus" and "Euptilotis". Two subspecies are recognised, "P. m. mocinno" and "P. m. costaricensis". The epithet "mocinno" is Llave's Latinization of the name of the biologist J. M. Mociño, a mentor of his. (It is sometimes spelled "mocino", but "ñ" was formerly spelled "nn" in