El Quetzal charge. On 23 April 1961, church construction was completed and it was opened and blessed by San Marcos dioceses Bishop, Celestino Fernández. Father López Nadal led the parish until 25 January 1964, when father Juan Van Der Vaeren took his place. In 1965, El Quetzal was elevated to parish and had its own priest, leaving La Reforma. El Quetzal has tropical monsoon climate (Köppen: "Am"). 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
Monetary policy of the Philippines banks cannot lend out to people. They always need to maintain a certain balance of money, which are called "reserves". Once these reserve requirements are changed and are varied, changes in the monetary supply will be observed greatly. Two Forms: In accordance with Republic Act No. 265, The Bangko Sentral ng Pilipinas or BSP is the central monetary authority of the republic of the Philippines. It provides policy directions in the areas of money, banking and credit and exists to supervise operations of banks and exercises regulatory powers over non-bank financial institutions. It keeps aggregate demand from growing rapidly with