These Guatemalan checkbook holders/ bags have truly unique handmade designs also known as chichi style because the rich embroidery is made in the town of Chichicastenango.
 
It holds 2 different styles of checkbooks, the interior is cotton canvas and the exterior is embroidered on both sides. Also has a pen holder. 
 
Closure is a velcro.  Also has a hidden 21 inches strap, that allows to cross body the wallet as a hands-free bag.