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The Canadian $20 bill is one of the denominations of Canadian currency. The first $20 bill was issued in 1935, and features a portrait of Princess Elizabeth on the front and an agricultural allegory on the back, featuring a kneeling male exhibiting the produce of the field to a female agricultural figure. [4]
Obverse of the 2011 Frontier series depicting portraits of Wilfrid Laurier ($5), John A. Macdonald ($10), Queen Elizabeth II ($20), William Lyon Mackenzie King ($50), and Robert Borden ($100) Banknotes of the Canadian dollar are the banknotes or bills (in common lexicon) of Canada, denominated in Canadian dollars (CAD, C$, or $ locally ...
A twenty dollar bill or twenty dollar note is a banknote denominated with a value of twenty dollars and represents a form of currency. Examples of twenty-dollar bills include: Australian twenty-dollar note; Canadian twenty-dollar bill; Hong Kong twenty-dollar note; New Zealand twenty dollar note; United States twenty-dollar bill
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]
The $20, $50, $100, and $1000 banknotes had a colour-shifting metallic foil security patch on the upper left corner, an optical security device that was difficult to reproduce with the commercial reproduction equipment of the time. This was the last Canadian banknote series to include planchettes as a security feature.
The original plates, dies, and rolls for this series were destroyed by the Canadian Bank Note Company (CBN) after the modified version of the series was created in 1938. [20] The Canadian Bank Note Company printed the $1, $20, $50, $100, and $1000 banknotes, and the British American Bank Note Company printed the $2, $5, and $10 banknotes. [21]
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 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]