Resplendent quetzal Resplendent quetzal The resplendent quetzal () ("Pharomachrus mocinno") is a bird in the trogon family. It is found from Chiapas, Mexico to western Panama (unlike the other quetzals of the genus "Pharomachrus", which are found in South America and eastern Panama). It is well known for its colorful plumage. There are two subspecies, "P. m. mocinno" and "P. m. costaricensis". The resplendent quetzal plays an important role in various types of Mesoamerican mythology. It is the national bird of Guatemala, and its image is found on the country's flag and coat of arms. It also lends its name to the
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