King Charles III will be the new face of Canada’s $20 bill, coins
Canada’s $20 banknote and cash will probably be getting a brand new look that includes King Charles III, the federal authorities introduced amid celebrations marking the King’s coronation.
Following the historic coronation on Saturday, the Bank of Canada mentioned its subsequent design course of will exchange Queen Elizabeth II’s portrait with King Charles’ on the $20 invoice. Additionally, the Royal Canadian Mint will redesign Canadian cash to function an effigy of the King, maintaining with the century-old custom of getting the reigning monarch seem on Canadian cash.
No particulars got relating to when the redesign course of would happen, however the federal authorities says Canadians ought to anticipate to see the design of the brand new coin effigy “in the coming months.” Meanwhile, updates to the $20 invoice will possible “take a few years.”
The bulletins got here as members of the Royal Family, invited company and hundreds of thousands worldwide witnessed King Charles’ coronation, the primary to happen since his mom’s in 1953.
Prime Minister Justin Trudeau mentioned in a news launch the federal authorities has ordered the Bank of Canada and the Royal Canadian Mint to tackle the redesign.
In the meantime, present cash and $20 banknotes that includes Queen Elizabeth II’s portrait will proceed to be authorized tender.
The Bank of England has already revealed the brand new design for its 5, 10, 20, and 50-pound banknotes that includes the King. While Canada’s redesign will must be authorised by the King, royal consultants say it will not be the identical imagery utilized by the Bank of England.
Among different Commonwealth nations, there have been various opinions on the usage of King Charles’ portrait on their banknotes. The Reserve Bank of New Zealand mentioned it will likely be changing the late queen’s imagery with King Charles. In Australia nonetheless, Queen Elizabeth II’s imagery on their $5 banknote will probably be changed with an Indigenous design to honour the tradition and historical past of the First Australians, the Reserve Bank of Australia mentioned.
Many Caribbean nations aren’t entertaining the concept of updating their cash to function the King, as discussions of the monarchy’s position inside every nation proceed to be questioned. The governor of the Eastern Caribbean Central Bank reportedly mentioned that they had “no appetite” for a redesign.
In Canada, the reigning monarch has appeared on Canadian cash since 1908 and paper cash since 1935.
With information from The Canadian Press and CTV’s Jennifer Ferreira
