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The Guatemalan Quetzal (GTQ) is the official currency of Guatemala, named after the national bird, the quetzal, which symbolizes freedom. It was introduced in 1925, replacing the Guatemalan peso, and is subdivided into 100 centavos. The currency plays a crucial role in facilitating trade and economic stability within the country.
The CFA Franc BCEAO (XOF) is the currency used by eight West African countries that are part of the West African Economic and Monetary Union (WAEMU). It is issued by the Central Bank of West African States (BCEAO) and is pegged to the Euro, ensuring stability in exchange rates and promoting economic cooperation among member states.