Guatemalan peso

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Description:
The peso was the currency of Guatemala between 1859 and 1925.

History

The peso replaced the Central American Republic real, with 1 peso = 8 reales. In 1869, the centavo was introduced, worth one hundredth of a peso, but the real continued to be produced until 1912, when Guatemala fully decimalized. In 1870, the peso was pegged to the French franc at a rate of 1 peso = 5 francs. However, the peg was suspended in 1895 and the peso's value fell considerably. The peso was replaced by the quetzal in 1925.

Coins

Silver coins were initially issued in denominations of ¼, ½, 1, 2 and 4 reales and 1 peso, whilst gold coins were issued in denominations of 4 reales, 1, 2, 4, 8 and 16 pesos. With the introduction of the centavo in 1869 came denominations of 1, 25 and 50 centavos, 5, 10 and 20 pesos. 5 and 10 centavos coins were added in 1881.

Following the suspension of the peso's peg to the French franc, the issuance of silver coins ceased in 1900 as the currencies value fell. Between 1915 and 1923, provisional coins were issued, in denominations of 12½ and 25 centavos in 1915, and 50 centavos in 1922, and 1 and 5 pesos in 1923.

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