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Bank Employee Day (Guatemala) – July 1, 2023

Bank Employee Day in Guatemala is observed on July 1 every year; however, due to weekends or the public holiday June 30, Army Day, the exact date can vary. This year, it takes place on July 1. This holiday might seem unusual, but like most things in Guatemala, there’s always an intriguing back story. Financial institutions in Latin America have a fraught history. Guatemala’s monetary systems deserve special mention for their resilience. Banks and their employees in Guatemala have survived dictators, military rule, volatile revolutions, and regional infighting. Political and social systems in the region were never conducive to stable financial growth. And yet, here we are.

History of Bank Employee Day (Guatemala)

The foundations of Guatemala’s present banking systems go back to 1924. The country was debt-ridden due to the previous government’s policies under Manuel Estrada Cabrera. Cabrera had controlled and dominated all issuing banks until then, triggering a massive financial crisis. It was imperative to rescue the Guatemalan economy before it was too late.

From 1924 to 1926, the country saw a period of financial reform and overhaul. The country’s new monetary unit, the Quetzal, came into being for the first time in 1924. On June 30, 1926, the Central Bank of Guatemala was established to continue the momentum of economic reform. Guatemalans finally enjoyed some financial and economic stability — that is, until the Great Depression. A country that had just got back its bearings suffered severely. It was back to the drawing board as outdated monetary policies crumbled under the weight of a global financial crisis.

Even after the crisis, it was clear that the markets had irreversibly changed, and Guatemala needed to change with it. New considerations emerged, such as liberalization, computers, telecommunications, and synergies between international markets. In 1993, the country officially kickstarted a program to modernize the national financial system. A system that was 40 years in the making finally experienced order and balance for the first time. Since then, Guatemala’s banks and monetary systems have gone from strength to strength. Bank Employee Day appreciates the people who ensure the country keeps running. Without their efforts, Guatemala might have turned out very differently. Today, bank employees receive their long overdue moments in the spotlight.

Bank Employee Day (Guatemala) timeline

1920
The Longest-Reigning Dictator is Dethroned

The National Assembly overthrows President Manuel Estrada Cabrera, Guatemala’s
longest-reigning dictator.

1924 — 1926
A Complete Overhaul

The country limps to financial stability after a series of banking and economic reforms.

1926
A New Institution

The Central Bank of Guatemala is born.

1945 — 1946
The New and Improved Legislations

A modernized national financial system finally finds its footing.

Bank Employee Day (Guatemala) FAQs

What times are banks open in Guatemala?

Banks in Guatemala are open Monday to Friday, from 9 A.M. to 3 P.M., and on Saturdays, from 9 A.M. to 12 P.M.

Which is the best bank in Guatemala?

Banco G.&.T. Continental is among Guatemala’s leading banks. Banco América Central comes a close second.

How many banks are there in Guatemala?

The country has around 17 registered banks and 10 financial groups.

How to Observe Bank Employee Day (Guatemala)

  1. Thank a bank employee

    Show your appreciation to any bank employees you may know. The globe revolves because of their efforts.

  2. Learn about Guatemala

    Today’s a good day to learn about Guatemala's history and culture. This South-American country might be small, but it packs a punch.

  3. Support the economy

    Do your bit to add to the economy. You can book flights to the country or buy, shop, and eat from local Guatemalan businesses.

5 Interesting Facts About Guatemala

  1. It’s home to some of our favorite things

    Guatemala is the birthplace of some of the world’s finest coffee and chocolate.

  2. It’s the land of legends and myths

    The famous story of La Llorona — the woman who drowned her kids in a river — originated here.

  3. It’s the home of the Happy Meal

    Guatemalan businesswoman Yolanda Fernández de Cofiño conceptualized the Ronald Happy Meal, a meal with small portions for children.

  4. It’s the heart of Mayan culture

    Guatemala is one of the few Central American countries with a predominantly indigenous population.

  5. It’s the producer of multi-colored Jade

    Unlike jade from other places, Guatemala produces jade jewelry in lavender, blue, and rainbow.

Why Bank Employee Day (Guatemala) is Important

  1. It gives credit where it’s due

    It’s not easy working at banks and being accountable for people’s money. We tip our hats to bank employees in Guatemala and everywhere else.

  2. It helps look at the bigger picture

    Banking systems seem so commonplace that we often take them for granted. Today reminds us of the complex, efficient systems that keep our worlds from collapsing.

  3. It’s a chance to make someone’s day

    We love the idea of overworked bank employees getting some love today. They deserve appreciation.

Bank Employee Day (Guatemala) dates

YearDateDay
2023July 1Saturday
2024July 1Monday
2025July 1Tuesday
2026July 1Wednesday
2027July 1Thursday
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