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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.
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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.
A 1981 Parliamentary committee recommending design features enabling visually impaired individuals to determine the denomination of a banknote influenced the design process for the banknotes. [5] In 1983, the Bank of Canada chose to use "clear, uncluttered images" of Canadian birds for the reverse. [4]
Scenes of Canada is the fourth series of banknotes of the Canadian dollar issued by the Bank of Canada.It was first circulated in 1970 to succeed the 1954 Canadian Landscape series and was followed by the 1986 Birds of Canada banknote series.
The cost of one United States dollar in Canadian dollars from 1990 The cost of one Euro in Canadian dollars from 1999 Since 76.7% of Canada's exports go to the U.S., and 53.3% of imports into Canada come from the U.S., [ 34 ] Canadians are interested in the value of their currency mainly against the U.S. dollar.
On the obverse, the denomination "UN SOU", on the reverse, "HALF PENNY". In Canadian French, the word "sou" is used in everyday language and means the 1/100 division of the Canadian dollar. The official term is "cent". Canadian one-cent coins (no longer in circulation) have the vernacular name of "sou noir".
In 2005, the Canadian government polled its citizens on the idea of retiring the five-dollar note, replacing it with a five-dollar coin. The money saved in making the coin would then fund the Canadian Olympic team. Canadians resoundingly rejected and ridiculed the idea of a five-dollar coin. [4]