Bank of Canada unveils new vertical $20 bill featuring King Charles
This is the first Canadian paper currency to feature Charles, whose image replaces that of the late Queen Elizabeth II.
The bill will enter circulation in 2027
Natalie Stechyson · CBC News
·
Listen to this article
Estimated 2 minutes
The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.
It's official — Canada has a new $20 bill.
Bank of Canada Governor Tiff Macklem unveiled the new, vertical bill featuring a portrait of King Charles on Thursday in Ottawa. It's the first Canadian paper currency to feature Charles, whose image replaces that of the late Queen Elizabeth II.
In a press conference, Macklem called the unveiling "historic," and added the new bill 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.
The Bank of Canada has previously noted that the $20 bill is its most-circulated currency.
This is also the second bank note in the bank's vertical series. The first, the $10 note, features civil rights pioneer and businesswoman Viola Desmond. That bill won won the coveted Bank Note of the Year Award for 2018, beating out top designs from places like Switzerland, Norway, Russia and the Solomon Islands.
King Charles won't be featured on $20 bills until 2027, Bank of Canada says
Donald Trump mistakes Bank of Canada for retail bank
The government announced that King Charles would replace his mother on Canada's currency during his coronation celebration in 2023. The first Canadian coins bearing the image of the King began circulating that December.
The reigning monarch has been featured on Canadian bills since 1935.
ABOUT THE AUTHOR
Natalie Stechyson has been a writer and editor at CBC News since 2021. She covers stories on social trends, families, gender, human interest, as well as general news. She's worked as a journalist since 2009, with stints at the Globe and Mail and Postmedia News, among others. Before joining CBC News, she was the parents editor at HuffPost Canada, where she won a silver Canadian Online Publishing Award for her work on pregnancy loss. You can reach her at natalie.stechyson@cbc.ca.
KioskNews shows a cleaned-up reading view extracted from the publisher’s page — the original always lives on their site, not ours.