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In 2023, it was reported that Laurier will stay on the five-dollar bill for some time. [10] On December 16, 2024, it was announced that the image of Terry Fox would be replacing Laurier's image on the next edition of the $5 banknote, with an image of Laurier being used for the $50 note when a new design of that note is implemented. [11]
An American flag is flying over the Parliament Buildings on Canadian paper money. This is not the case. The Birds series notes depict a Union Flag flying over Parliament on the $100; a Canadian Red Ensign (a former Canadian flag) on the $5, $10, and $50; and the modern maple-leaf flag was on the $2 notes. (The $20 depicts the Library of ...
In January 2020, the Bank of Canada confirmed it would begin soliciting suggestions for the historic Canadian who would replace Wilfrid Laurier on the $5 note. [3] The Bank of Canada released a shortlist of candidates under consideration for the bill in November 2020 which included figures such as Pitseolak Ashoona, Won Alexander Cumyow, Terry Fox, and others. [4]
The current five denominations—$5, $10, $20, $50 and $100—will not be affected at this time, but the government may decide to remove legal tender status from older series versions of these denominations in the future. [10] As of January 1, 2021, the $1, $2, $25, $500 and $1,000 bills from every series are no longer legal tender. [2]
This was the first new $1000 bill printed since the 1954 Canadian Landscape series. The banknotes were often referred to as "pinkies" because of their colour. [15] On average, a $1000 banknote remained in circulation for 13 years [15] owing to its infrequent use. It was released on 4 May 1992. [33]
The primary impetus for the new banknotes was "the need to stay ahead of counterfeiters". [2] [3] By 2002, 10% of retailers in some parts of Canada refused to accept the $100 banknotes of the 1986 Birds of Canada series in financial transactions, [4] and by 2004, the counterfeit ratio for Canadian currency had risen to 470 parts per million (ppm). [5]
To increase the chance of having a bill reported, users write or stamp text on the bills encouraging bill finders to visit whereswilly.com and track the bill's travels. Since Canada has replaced the one and two dollar bills with more durable coins, the $5 note is the smallest denomination tracked by Where's Willy.
A five dollar note or five dollar bill is a banknote denominated with a value of five dollars and represents a form of currency. Examples of five-dollar notes include: Australian five-dollar note; Canadian five-dollar note; Hong Kong five-dollar note; New Zealand five-dollar note; United States five-dollar bill