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Banknotes of the Canadian dollar are the banknotes or bills (in common lexicon) of Canada, denominated in Canadian dollars (CAD, C$, or $ locally). Currently, they are issued in $5, $10, $20, $50, and $100 denominations. All current notes are issued by the Bank of Canada, which released its first series of notes in 1935.
The series was the first Bank of Canada series not to include a $1,000 note; the Canadian Landscape design of this bill continued to be printed during this series's run, with an updated $1,000 note appearing in the Birds of Canada series in 1992. All notes measure 152.4 × 69.85 mm (6 × 2¾ inches).
There had been two previous printings of the $500 note by the Dominion of Canada, one in 1925 featuring King George V, and one in 1911 picturing Queen Mary. Of the latter, only three are known to still exist, one of which sold for US$322,000 in a Heritage auction in October 2008. [4] It is unlikely that further 1911 notes survived the Depression.
A commemorative 10 dollar banknote, with a circulation of 50 million, was issued for Canada's 150th anniversary on 1 June 2017. It is of the same polymer material and purple colour of the standard Frontier series $10 banknote, but contains a unique design that includes four portraits of important historical Canadian figures.
The Canadian dollar's value against the U.S. dollar rose sharply in 2007 because of the continued strength of the Canadian economy and the U.S. currency's weakness on world markets. During trading on September 20, 2007, it met the U.S. dollar at parity for the first time since November 25, 1976.
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 ...
The government fixed the value of the Canadian dollar against the pound sterling ($4.43 buying and $4.47 selling) and also against the US dollar ($1.10 (US$0.9091) buying and $1.11 (US$0.9009) selling). The government also imposed strict currency controls on exchanges with foreign currencies, particularly the United States dollar.
The $2 banknote was withdrawn at the same time that the coin was released. Unlike several U.S. attempts to introduce a dollar coin, the new coins were quickly accepted by the public, owing largely to the fact that the Bank of Canada and the government forced the switch by removing the $1 and $2 bills from circulation.