1 Peso

The Banco de Guatemala operated through regional branches, and the Quezaltenango sucursal served the western highland commercial zone — a coffee-rich corridor where private banking activity ran ahead of any central monetary authority. This particular branch issue predates the 1926 establishment of the Banco Central de Guatemala by three decades, placing it squarely in Guatemala's era of competing bank concessions under Liberal-era financial legislation.

The Compañía Internacional de Billetes de Banco was a Buenos Aires-based security printer active across several Latin American markets in the 1890s, making it an unusual choice relative to the North American and European printers more commonly associated with Central American issues of this period.