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denominations of 1, 5, 10 centavos, , and 1 quetzal were introduced, although the majority of the 1 quetzal coins were withdrawn from circulation and melted.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,
History of monetary policy in the United States History of monetary policy in the United States This article is about the history of monetary policy in the United States. Monetary policy is associated with interest rates and availability of credit. https://en.wikipedia.org/wiki/Portal:Contents Instruments of monetary policy have included short-term interest rates and bank reserves through the monetary base. With the creation of the Bank of England in 1694, which acquired the responsibility to print notes and back them with gold, the idea of monetary policy as independent of executive action began to be established. The goal of monetary policy was to maintain the value of the coinage, print notes