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This was the first series to omit the $1 banknote; it was replaced by the $1 coin, which became known as the loonie, in 1987, although the $1 bill from the previous series would continue to be produced concurrently with the $1 coin for a 21-month long period until 1989. [1] [2] It was the last series to include the $2 and $1,000 banknotes.
By March 1989, support for the change to the $1 coin was 39% among Canadians surveyed by the Royal Canadian Mint, and 36% were opposed to the change. [ 33 ] Withdrawal of the $1 banknote resulted in operational cost reductions for some businesses and organizations, such as the Toronto Transit Commission which previously invested over US ...
Banknotes of the Canadian dollar are the banknotes or bills (in common lexicon) of Canada, denominated in Canadian dollars (CAD, C$, 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.
Printing of the $1 note ceased in 1989 after the release of the loonie (in 1986) had been implemented. These notes are virtually never seen in circulation today. The most recent banknote series that included the $1 note was the Scenes of Canada, with the $1 note released in 1974, coloured green and black.
After a 21-month period in which the loonie and $1 note were produced concurrently with each other, the Bank of Canada ceased production of the dollar banknote. The final dollar bills were printed on June 30, 1989. [17] Initial support for the coin was mixed, [18] but withdrawing the banknote forced acceptance of the coin. [19]
Explore More: Check Your $2 Bills — They Could Be Worth a Ton. ... Canada’s current paper currency is the Canadian dollar, which is available in 5-, 10-, 20-, 50- and 100-dollar notes ...
The Canadian ten-dollar note is one of the most common banknotes of the Canadian dollar. The current $10 note is purple, and the obverse features a portrait of Viola Desmond , a Black Nova Scotian businesswoman who challenged racial segregation at a film theatre in New Glasgow, Nova Scotia , in 1946.
On the back of the bill the eagle is holding 13 arrows and an olive branch with 13 leaves and 13 olives. The eagle's shield has 13 vertical stripes and 13 horizontal stripes. The number 13 ...