Alvaro Gonzales Ricci, President of Banco de Guatemala, announced yesterday that the banknotes of 1 quetzal will be retired from circulation as of 1 January 2023. Only coins will of the same denomination will be issued.
The banknotes continue to be legal tender but are on a “one way” traffic. When paid in or deposited commercial banks will not reissue them.
Source: Banco de Guatemala.
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