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Agriculture In Guatemala
The economy of Guatemala is a considered a developing economy, highly dependent on agriculture, particularly on traditional crops such as coffee, sugar, and bananas. Guatemala's GDP per capita is roughly one-third of Brazil's. The Guatemalan economy is the largest in Central America. It grew 3.3 percent on average from 2015 to 2018. However, Guatemala remains one of the poorest countries in Latin America and the Caribbean, having highly unequal incomes and chronically malnourished children. The country is beset by political insecurity, and lacks skilled workers and infrastructure. It depends on remittances for nearly one-tenth of the GDP. The Guatemalan Peace Process 1994-1996, 1996 peace accords ended the 36-years-long Guatemalan Civil War, and removed a major obstacle to foreign direct investment, foreign investment. Since then Guatemala has pursued important reforms and macroeconomic stabilization. On 1 July 2006, the Dominican Republic-Central America Free Trade Agreement, C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quetzal (currency)
The quetzal (; ISO 4217, code: GTQ) is the currency of Guatemala, named after the List of national birds, national bird of Guatemala, the resplendent quetzal. In ancient Maya civilization, Mayan culture, the quetzal bird's tail feathers were used as currency. It is divided into 100 ''centavos,'' or ''len'' (plural ''lenes'') in Guatemalan slang. The plural is ''quetzales''. History The quetzal was introduced in 1925 during the term of President José María Orellana, whose image appears on the obverse of the one-quetzal bill. It replaced the Guatemalan peso at the rate of 60 pesos = 1 quetzal. Until 1987, the quetzal was pegged to and domestically equal to the United States dollar. Coins 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denominations of 1, 5, 10 centavos, , and 1 quetzal were introduced, although the majority of the 1 quetzal coins were withdrawn from circulation and melted.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 centavo coins were added in 1932. Until 1965, coins of 5 centavos and above were minted in 72% silver. and 1 que ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
