Banguat will inject Q3 billion for holidays, payment of salaries and bonus 14

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Banguat will inject Q3 billion for holidays, payment of salaries and bonus 14

Starting this week, the central bank will begin a gradual cash injection process to reach a total of Q2.6 billion and cover the demand derived from the monthly payment of salaries to workers in the public and private sectors.

In addition, an increase in the circulation of money is expected due to the long holiday and the massive movement of people to the interior of the country.

Bank Employee Day is commemorated on June 29, but this year the break was moved to Friday the 26th. Army Day is celebrated on June 30 and the holiday will run to Monday the 29th.

For this reason, workers in the public and private sectors will have a long weekend at the end of June 2026 due to the June 30 holiday.

Seasonally, the demand for cash increases in Guatemala during Holy Week, the payment of Bono 14, the holiday for All Saints’ Day and year-end activities.

Monetary issue will reach Q110 billion

William Ariel Cano Hernández, financial manager of the Bank of Guatemala (Banguat), explained that this week the gradual cash injection process will begin to reach a total amount of Q2.6 billion and meet the demand associated with the long weekend.

Additionally, Q500 million will be injected to cover the payment of Bonus 14 to workers in the public and private sectors, which will become effective in mid-July.

From that account, the additional currency in the economy will reach Q3 billion, explained the central banking official.

The analyzes indicate that the balance of the monetary issue will reach Q110 billion, a transitory level in the economy, and is expected to subsequently return to previous levels.

The beaches of the South Coast will concentrate a good part of national and international tourists during long weekends, which is why this region registers a greater demand for paper money. (Free Press Photo: Newspaper Library PL)

They renew inventory of bills and coins

On the other hand, the Banguat financial manager highlighted that a new consignment of paper money and coins was acquired, which will guarantee the cash supply for the next five years.

He explained that 1,20 million pieces will be purchased, of which 600 million will correspond to banknotes and 400 million to coins.

Of the total banknotes, the largest volume will correspond to the denominations of Q100, followed by those of Q50, Q20, Q10 and Q5.

As for coins, the highest proportion will be Q1 pieces, followed by Q0.25, Q0.10 and Q0.05.

The acquisition will be made from specialized international suppliers.

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