El Quetzal El Quetzal El Quetzal () is a municipality in the San Marcos department of Guatemala. It was recognised as municipality on 19th of June 1900. The major source of income is the agriculture. "La Inmaculada Concepción" (English:The Immaculate Conception") parish in La Reforma municipality was founded on 1 January 1956 and originally served both La Reforma and El Quetzal municipalities. Its first priest was father Jaime López, a Franciscan, who led the parish until 5 March 1958. His successor was father Juan Bartolomé Bueno, who was in charge until 31 July 1960, when father Pedro López Nadal, from Spain, took
European Monetary System European Monetary System European Monetary System (EMS) was an arrangement established in 1979 under the Jenkins European Commission where most nations of the European Economic Community (EEC) linked their currencies to prevent large fluctuations relative to one another. After the demise of the Bretton Woods system in 1971, most of the EEC countries agreed in 1972 to maintain stable exchange rates by preventing exchange rate fluctuations of more than 2.25% (the European "currency snake"). In March 1979, this system was replaced by the European Monetary System, and the European Currency Unit (ECU) was defined. The basic elements of the arrangement