New Vertical $20 Bank Note: Bank of Canada Unveils Design

The Bank of Canada has officially unveiled its new vertical $20 bank note featuring a portrait of King Charles III, marking a significant transition in Canadian currency.

Her Excellency the Right Honourable Louise Arbour, Governor General of Canada, and the Honourable Wayne Long, Secretary of State, joined Bank of Canada Governor Tiff Macklem to reveal the new polymer design.

Key Features of the New $20 Note

• Vertical Orientation: Building on the design language introduced with the Viola Desmond $10 bill, the vertical format offers a modern look and better functional handling.
• Portrait of King Charles III: The front of the note displays an updated portrait of the King framed by Canada’s 13 provincial and territorial floral emblems.
• Indigenous Symbolism: A clear circular window features plants of cultural significance to Indigenous Peoples, including sweetgrass and cedar.
• Vimy Ridge Memorial: The reverse side continues to showcase the Canadian National Vimy Memorial, honoring Canadian military service and history.
• Advanced Security Elements: The note includes a dynamic purple security stripe with pulsing visual effects to hinder counterfeiting efforts.

Expected Circulation Timeline

The new polymer note is scheduled to enter general circulation across Canada over the coming years. It replaces the previous $20 bill featuring Queen Elizabeth II, which had been in use since 2012.

Her Excellency the Right Honourable Louise Arbour, Governor General of Canada, and the Honourable Wayne Long, Secretary of State (Canada Revenue Agency and Financial Institutions), joined Bank of Canada Governor Tiff Macklem today at an event to unveil Canada’s new vertical $20 bank note featuring…

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Source: Bank of Canada Press Releases — read the full story

Originally reported by Bank of Canada Press Releases.