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The Bank of Canada (BoC; French: Banque du Canada) is a Crown corporation and Canada's central bank. [4] Chartered in 1934 under the Bank of Canada Act , it is responsible for formulating Canada's monetary policy, [ 5 ] and for the promotion of a safe and sound financial system within Canada. [ 6 ]
Liabilities for outstanding provincial and Dominion of Canada notes was transferred to the Bank of Canada in 1935, and liability for chartered bank notes in 1950. As of December 31, 2016, the total value of provincial, Dominion, chartered bank, and discontinued Bank of Canada denominations still outstanding is $1.139 billion, of which more than ...
The first commemorative banknote issued by the Bank of Canada was a $25 banknote in the 1935 series to commemorate the Silver Jubilee of the accession of George V to the throne. [ 3 ] [ 4 ] The royal purple banknote was issued on 6 May 1935, [ 4 ] and is the only $25 banknote issued by the Bank of Canada.
Governor of the Bank of Canada (French: gouverneur de la Banque du Canada) is the chief executive officer of the Bank of Canada and acts as chair of its board of directors. [1] The Bank of Canada Act , 1985, S. 6(1), [ 2 ] provides that the governor and deputy governor shall be appointed by the directors with the approval of the Governor ...
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The 1935 Canadian banknote series is the first series of banknotes of the Canadian dollar issued by the Bank of Canada. They were first circulated on 11 March 1935, the same day that the Bank of Canada officially started operating. Two sets of banknotes were printed for each denomination, one in French for Quebec, and one in English for the ...
It is the first series issued by the Bank of Canada printed in a vertical configuration. The banknotes were designed by the Canadian Bank Note Company , which also prints the banknotes. The first note, the $10 bill featuring Viola Desmond , was revealed on International Women's Day , 8 March 2018, and was released to the public on 19 November ...
The Canadian fifty-dollar note is one of the most common banknotes of the Canadian dollar. It is sometimes dispensed by ATMs but not as commonly as the $20 note. From the Frontier (2011–present) series. The current 50-dollar note is predominantly red in colour and is printed on polymer (plastic), not paper. In addition to being more durable ...