The Bank of Canada unveiled a new $20 bank note featuring King Charles III, the first monarch to appear on the $20 denomination in over 70 years. The note includes advanced security features and reflects Canadian history and natural beauty.
Why it matters. The new $20 note is a significant change in Canadian currency, reflecting the country's history and values while enhancing security.
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 a portrait of His Majesty King Charles III. This is Canada’s first bank note to feature His Majesty’…
“This new $20 bank note is striking, symbolic and secure,” said Governor Macklem. “The note’s advanced and dynamic security features are combined with images that reflect Canada’s beauty and its history.
Her Excellency the Right Honourable Louise Arbour, Governor General of Canada
Bank of Canada Governor Tiff Macklem
the Honourable Wayne Long, Secretary of State (Canada Revenue Agency and Financial Institutions)
The new note will gradually enter circulation in late February 2027.
The Bank also consulted with Canadians, government partners and a range of stakeholders including accessibility groups and organizations connected to the memorial at Vimy Ridge.
The Bank’s Indigenous Advisory Circle collaborated on creating the design of this window.
Bank of Canada Governor Tiff Macklem today at an event to unveil Canada’s new vertical $20 bank note
