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Bank of Canada Governor willfoedfe233.com Tiff Macklem unveiled the new, vertical bill featuring a portrait of King Charles on Thursday in Ottawa. It's the first Canadian bank note to feature Charles, whose image replaces that of the late Queen Elizabeth II.
In a news conference, Macklem called the unveiling "historic." It's been more than 70 years since a new monarch appeared on a Canadian bank note. The late Queen Elizabeth II first appeared on the Bank’s inaugural $20 note in 1935 as a young princess, Macklem added.
Two years later, in 1937, the bank's bilingual series featured King George on most of its bills. By 1954, with its landscape series, every note carried the portrait of Queen Elizabeth II, until now.
The new bill is also historic because it "features security technologies never before used on a Canadian bank note," he said.
"Our new $20 note is both visually stunning and more secure than ever."
The new note is polymer, predominantly green and vertical in orientation. The Canadian National Vimy Memorial remains on the back. Charles is centred on the front.
The new note will gradually enter circulation in late February 2027.
In a news conference, Macklem called the unveiling "historic." It's been more than 70 years since a new monarch appeared on a Canadian bank note. The late Queen Elizabeth II first appeared on the Bank’s inaugural $20 note in 1935 as a young princess, Macklem added.
Two years later, in 1937, the bank's bilingual series featured King George on most of its bills. By 1954, with its landscape series, every note carried the portrait of Queen Elizabeth II, until now.
The new bill is also historic because it "features security technologies never before used on a Canadian bank note," he said.
"Our new $20 note is both visually stunning and more secure than ever."
The new note is polymer, predominantly green and vertical in orientation. The Canadian National Vimy Memorial remains on the back. Charles is centred on the front.
The new note will gradually enter circulation in late February 2027.
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