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denominations of 1, 5, 10 centavos, , and 1 quetzal were introduced, although the majority of the 1 quetzal coins were withdrawn from circulation and melted.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,
Monetary policy of the United States with a fully accountable Central Bank," although the Federal Reserve has also consistently lobbied to maintain its independence and freedom of operation. By law, the goals of the Fed's monetary policy are: high employment, sustainable growth, and stable prices. Critics say that monetary policy in the United States has not achieved consistent success in meeting the goals that have been delegated to the Federal Reserve System by Congress. Congress began to review more options with regard to macroeconomic influence beginning in 1946 (after World War II), with the Federal Reserve receiving specific mandates in 1977 (after the country suffered a