Guatemalan quetzal 5, 10, 20 and 100 quetzales, with quetzal notes added in 1933. In 1946, the Bank of Guatemala took over the issuance of paper money, with its first issues being overprints on notes of the Central Bank. Except for the introduction of 50 quetzales notes in 1967, the denominations of banknotes were unchanged until and 1 quetzal coins replaced notes at the end of the 1990s. In the top-right corner of the obverse face of each banknote, the value is displayed in Mayan numerals, representing Guatemala's cultural history. The Bank of Guatemala has introduced a polymer banknote of 1 quetzal
Monetary policy of the Philippines that a country will target for the coming years, or in a given period of time. It focuses on maintaining a low level of inflation, that which is considered to be optimal, or at least would allow the country to have ample economic growth. Its main desire is to achieve price stability as the ultimate end goal of the monetary policy. The Philippines formally adopted Inflation Targeting as the framework for Monetary Policy on January 2002. The Philippines’ inflation target is measured through the Consumer Price Index (CPI). For 2009, inflation target has been set to be 3.5 percent, having