New Canadian Banknotes and Coins to Feature King Charles III
Government Announces Plans for Updated Currency
Royal Canadian Mint Unveils Designs
Ottawa, November 14, 2023 - The Government of Canada has announced that the upcoming $20 banknote and coins will feature a portrait of King Charles III. This change marks the first time a British monarch will be depicted on Canadian currency since Queen Elizabeth II ascended to the throne in 1952.
The announcement was made on the first anniversary of King Charles III's coronation. The new banknotes and coins are expected to enter circulation in the coming years, with the exact timeline still to be determined.
"This is a significant moment in Canadian history," said Finance Minister Chrystia Freeland. "The new banknotes and coins will reflect our shared heritage and the enduring bond between Canada and the British monarchy."
The Royal Canadian Mint has unveiled the designs for the new currency. The $20 banknote will feature a portrait of King Charles III on the front and an image of the Canadian landscape on the back. The coins will also bear the King's portrait and the words "Canada" and "Twenty Dollars.".
The introduction of King Charles III's image on Canadian currency symbolizes the monarchy's continued role in Canadian society. Despite the country's constitutional status as an independent nation, the British monarch remains the head of state and is represented by the Governor General of Canada.
The announcement has sparked mixed reactions among Canadians. Some have expressed support for the change, viewing it as a respectful and symbolic gesture of Canada's historical ties to Britain. Others have questioned the need for the monarchy in modern-day society, arguing that it is an outdated and unnecessary expense.
The debate over the monarchy is likely to continue as Canada grapples with its evolving identity and its relationship with the British Crown.
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