Meanings (ES + gloss)
quetzal
A monetary unit used in Guatemala, equal to 100 centavos.
In 2002 Guatemala officially declared the U.S. dollar as legal tender to circulate in parallel to the national currency, the quetzal. This is not likely to last for long as the que…
In this situation, they chose a policy mix of moderate monetary tightening, tight fiscal policy, and central bank intervention in the foreign exchange market to prevent excessive a…
Phrases
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