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BackCanada launches a vertically printed 20-dollar banknote with the image of King Charles III
Canada launches a vertically printed 20-dollar banknote with the image of King Charles III
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VnExpress1 hour agoBusiness1 min readView original

Canada launches a vertically printed 20-dollar banknote with the image of King Charles III

Canadapaper moneyking charles iii

Quick Look

The Bank of Canada announced the design of the vertically printed polymer $20 banknote, featuring King Charles III replacing Queen Elizabeth II, which will be put into circulation from the end of February 2027, bringing many new security features and symbolic symbols for 13 provinces and territories.

AI-generated summary

Why It Matters

The Bank of Canada issued a set of landscape-themed banknotes in 1954, with all denominations featuring Queen Elizabeth II, and maintained this design for more than 70 years. The late Queen Elizabeth II first appeared on the Canadian $20 bill in 1935.

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Canada launches a vertically printed $20 banknote with a portrait of King Charles III to replace the image of the late Queen Elizabeth II.

Governor of the Bank of Canada Tiff Macklem on September 3 announced the design of the $20 banknote with the image of King Charles made of polymer material, with the main color being green and printed vertically. The image on the back of the note is of the Vimy National Memorial.

This new banknote will gradually be put into circulation from the end of February 2027. The banknote design work was launched immediately after the coronation of King Charles in May 2023.

Bank Governor Macklem says more than 70 years have passed since the last time a new monarch appeared on Canadian banknotes. Mr. Macklem added that the late Queen Elizabeth II first appeared on the Canadian $20 banknote issued in 1935, when she was a young princess.

Two years later, in 1937, the Bank of Canada's bilingual banknote series featured King George on most of the notes. In 1954, when Canada issued a set of landscape-themed banknotes, all denominations featured Queen Elizabeth II and maintained this appearance for more than 70 years.

The Governor of the Bank of Canada added that the new banknote depicting King Charles has historical significance because it "uses security technologies that have never been applied to Canadian banknotes".

"Our new $20 bill looks great and is more secure than ever," Mr Macklem said.

The Bank of Canada explains that the portrait of King Charles on the banknote is surrounded by a floral motif inspired by "the King's lifelong dedication to the environment". The front has images of symbolic flowers representing Canada's 13 provinces and territories.

The banknote possesses a purple security strip with details that can "rotate, transform and flash" when the user tilts the bill. The bank says this feature makes checking bills easy, while also making counterfeiting difficult.

Canadian Finance Minister Francois-Philippe Champagne said the new $20 note reflects important aspects of Canadian identity, honoring our roots in the Commonwealth and relationships with international allies.

King Charles is the head of state of the Commonwealth, which includes Canada. Therefore, he is also the head of this country.

Open Questions

  • What is the production value and specific security costs of the new banknote?
  • Are there plans to change the images on other Canadian banknote denominations?
  • How will the public be educated about new security features?

Related Topics

Canada
PeopleTiff MacklemFrancois-Philippe ChampagneKing Charles IIIQueen Elizabeth II
OrganizationsCentral Bank of CanadaCanadian Government
PlacesVimy National Memorial
Topicspaper moneyking charles iiiCentral Bank of Canadatiff macklem20 dollar billpolymer
This article was originally published by VnExpress.

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