S181

GUATEMALA
Value

20 Pesos
Issued by

Banco de Occidente
Date

1921 & 1925
Printer

Waterlow, London

 Arms, allegorical woman ("Trade")

Arms 
S181a

02.11.1921

S181b

Reissue of Caja Reguladora
14.01.1925
with additional set of blue serial #
Note: Technically speaking, this is no longer an issue of the private bank, as the emission rights of those banks did expire between 1923-1926.
The purpose of Caja Reguladora was the stabiliziation of the Peso. This goal was achieved in August 1924 at an exchange rate of Pesos 60 per US$.
Remaining stock of the private banks were overprinted with an additional set of serial #.
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