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 resulting high inflation, or from growing too slowly, resulting in high unemployment. The primary objective of BSP's monetary policy is to promote price stability because it has the sole ability to influence the amount of money circulating in the economy. In doing so, other economic goals, such as promoting financial stability and achieving broad-based, sustainable economic growth, are given consideration in policy decision-making. In the past, the BSP followed the monetary aggregate targeting approach to monetary policy. This approach is based on the assumption that there is a stable and predictable relationship between money, output and inflation. In particular, all