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The high point was on April 25, 1974, when it reached US$1.0443. [39] The Canadian dollar fell in value against its American counterpart during the technological boom of the 1990s that was centred in the United States, and was traded for as little as US$0.6179 on January 21, 2002, which was an all-time low. [40]
One of the most profitable aspects of the Royal Canadian Mint (RCM) is its numismatic product line. [1] The first numismatic coin from the RCM was arguably the 1935 dollar commemorating the Silver Jubilee of King George V. Though intended for circulation, it was the first Canadian coin commemorating an event.
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.
There are six denominations of Canadian circulation coinage in production: 5¢, 10¢, 25¢, 50¢, $1, and $2. Officially they are each named according to their value (e.g. "10-cent piece"), but in practice only the 50-cent piece is known by that name.
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 dollar coin is a United States coin with a face value of one United States dollar. Dollar coins have been minted in the United States in gold, silver, and base metal versions. Dollar coins were first minted in the United States in 1794. Dollar coins have almost never been popular in circulation since their inception.
The prime minister featured on the $10 banknote obverse is John A. Macdonald, whose portrait was engraved by Thomas Hipschen of the Bureau of Engraving and Printing in the United States. [22] Adjacent to the portrait is a vignette of the buildings of Parliament as they were during his premiership, flying the Canadian Red Ensign. [22]
"THE UNITED STATES OF AMERICA" spans the top of the bill, "ONE DOLLAR" is emblazoned along the bottom, and above the central "ONE" are the words "IN GOD WE TRUST", which became the official motto of the United States in 1956 by an Act of Congress. Below the reverse of the Great Seal on the left side of the bill are the words "THE GREAT SEAL ...