Key facts
- Canada has unveiled a new $20 banknote featuring a portrait of King Charles III.
- This is the first time a new monarch has appeared on a Canadian banknote in over 70 years.
Canada has unveiled a new $20 banknote featuring a portrait of King Charles III, the first new monarch to appear on a Canadian banknote in over 70 years. The vertical, polymer banknote, which also features the Vimy Ridge memorial and a tapestry inspired by the King's dedication to the environment, will enter circulation early next year.
The introduction of King Charles III on Canadian currency signifies a continuation of the monarchy's symbolic role in the country, even as public opinion on the monarchy's future remains divided. The design choices also reflect Canada's historical commemorations and evolving national identity.
Canada has unveiled a new $20 banknote featuring a portrait of King Charles III, marking the first time a new monarch has appeared on Canadian currency in over 70 years. The vertical, polymer banknote, revealed at a Bank of Canada event, will enter circulation early next year.
The design includes the Vimy Ridge memorial on the reverse side to commemorate Canada's role in World War II, alongside a tapestry inspired by the King's dedication to the environment. The Bank of Canada noted that some design elements were chosen in consultation with an Indigenous advisory council.
Canada is the first Commonwealth country outside of Britain to feature the King on its banknotes since his ascension. While New Zealand and Australia have placed the King on their coins, Australia has stated it will not feature him on banknotes, opting instead for a design honoring Indigenous Australian culture and history.
At the unveiling, Liberal MP Wayne Long stated the symbols on the banknote serve as a reminder of national identity and values. This is Canada's second vertical banknote, following the $10 bill featuring Viola Desmond, which was recognized as the best in the world in 2018.
The introduction of the King's image comes amid polling suggesting a segment of Canadians favor ending ties with the British monarchy, particularly in Quebec. However, the monarchy's popularity saw a slight increase during periods of heightened US-Canada tensions, including trade disputes and comments from then-US President Donald Trump. Prime Minister Mark Carney's invitation to the King to open Canada's parliament was seen as underscoring the country's sovereignty, with the King serving as Canada's head of state, represented by Governor General Mary Simon.