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The toonie (also spelled twonie [1] [2] or twoonie [3] [4]), formally the Canadian two-dollar coin (French: pièce de 2 dollars canadiens, nicknamed deux piastres or deux piastres rond), was introduced on February 19, 1996, by Minister of Public Works Diane Marleau. As of 2023, it possesses the highest monetary value of any circulating Canadian ...
The most significant recent developments in Canadian coinage were the introduction of $1 and $2 coins and the withdrawal of the one cent piece. The $1 coin (the "loonie") was released in 1987. The $1 banknote remained in issue and in circulation alongside the one-dollar coin for the next two years, until it was withdrawn in 1989.
The coin quickly became known as the "loonie", [101] which in turn has become a nickname for the Canadian dollar generally. The loonie was followed by the introduction of a two-dollar coin in 1996, designed by Brent Townsend. The two-dollar coin quickly acquired its own nickname, the "toonie".
After its introduction, the coin became a metonym for the Canadian dollar: media often discuss the rate at which the loonie is trading against other currencies. [2] The nickname loonie became so widely recognized that in 2006, the Royal Canadian Mint secured the rights to it. [3]
Canadian Currency. Canada’s current paper currency is the Canadian dollar, which is available in 5-, 10-, 20-, 50- and 100-dollar notes, according to the EduCanada website. Canadian coins ...
Because of the appearance of the common loon on the back of the $1 coin that replaced the dollar bill in 1987, the word loonie was adopted in Canadian parlance to distinguish the Canadian dollar coin from the dollar bill. When the two-dollar coin was introduced in 1996, the derivative word toonie ("two loonies") became the common word for it in ...
The two dollar coin, nicknamed the toonie, was issued in 1996, replacing the two dollar note issued by the Bank of Canada. It normally features a polar bear on the reverse. [4] For the list of commemorative two dollar coins issued by the Mint, see: Toonie.
In Canada, the one-dollar coin is known as the loonie. This is because it bears an image of the common loon, a bird. The two-dollar coin is known as the toonie, a portmanteau combining the number two with loonie. It is occasionally spelled twonie; Canadian newspapers and the Royal Canadian Mint use the toonie spelling.