Canada's new $20 bill introduced: King Charles III appears for the first time

Bank of Canada Governor Tiff Macklem presented the country's new $20 bill to the public at a ceremony held in the capital Ottawa. The new design, which replaced the portrait of Queen Elizabeth II, became the first Canadian banknote to feature the image of King Charles III.

FIRST AFTER 70 YEARS

While the portrait of a new ruler was carried on the banknote for the first time in more than 70 years in the country, it was reported that the vertically designed green-coloured banknote will gradually enter circulation in late February 2027.

The front of the banknote features a portrait of King Charles III, as well as a transparent area with herbal symbols representing 13 provinces and territories in Canada and plants of cultural importance to indigenous peoples. On the reverse side of the coin, the Vimy National Monument continues to appear, referencing the country's military past.

'SAFER THAN EVER'

Stating that the new banknote contains security features that have not been used before against counterfeiting, Bank of Canada Governor Macklem said, "Our new $20 bill is both visually impressive and safer than ever. It includes a purple security strip that rotates and changes shape when the banknote is moved. These features will allow citizens to easily confirm the authenticity of the money."

Canadian Finance Minister François-Philippe Champagne noted that the new design reflects the country's constitutional traditions and historical ties with the Commonwealth of Nations.