![]() Retired Currencies of CanadaĪs a kid growing up throughout the 80s and 90s in Canada, I’ll always remember the light red-coloured $2 bill. This is part of the reason why the $1,000 bill was discontinued years ago. As great as it is to hold a $100 bill, do note that many stories in Canada don’t accept these bills since they are most subject to counterfeiting. Featured on the backside is a salute to Canadian science research, including a depiction of insulin, which was discovered by Canadian scientist Frederick Banting (1891-1941). Regina, or Dei Gratia Regina, which means “Queen by God’s Grace.” The Queen’s portrait is updated every so often, meaning it’s easy to tell at a glance how old a coin is based on how old Her Majesty looks.Ĭanada’s $100 bill is gold in colour and features Robert Borden (1854-1937), who was prime minister of Canada during World War I (1914-1918). In addition to the designs below, all of the coins have a portrait of Queen Elizabeth II on the reverse side, and are inscribed with the Latin phrase D.G. We even got to lift a very heavy bar of gold. We’ve explored the location in Winnipeg and it was a really great way to spend an hour. Not only do they make standard-use coins for Canada and roughly 100 other countries around the world, but they also produce a vast variety of “special edition” coins, including very high-value coins of pure gold, silver, and platinum, as well as fun and trendy novelties like a glow-in-the-dark coin and Marvel superhero coins.īoth the Royal Canadian Mint location in Ottawa and in Winnipeg can be visited with a tour. Some Canadian money, such as the Penny (the One Cent Coin) have been taken out of circulation as they actually cost more to produce than they are worth.Ĭanadian Coins are produced by the Royal Canadian Mint, which is known among coin collectors as one of the most extravagant and creative coin-producing entities in the world. There are currently five Canadian coins in circulation. Oddly enough, many industries in Canada prefer the Canadian dollar to remain slightly less valuable as it encourages American companies to import more goods from Canada. Typically, the Canadian dollar is worth less than the American dollar but there have been times where it has been worth more, even by as much as 5-10 cents. Like many countries, the Canadian dollar is often measured in comparison to the American dollar. ![]() According to the International Monetary Fund, the Canadian dollar is one of the world’s seven reserve currencies and is known for its stability and reliability. Today, it is known as a “free-floating” currency with the value being determined by the international marketplace.Ĭanada also has a strong banking system with the Bank of Canada (Canada’s national bank) having the power to both print and buy currency in order to help control the value of Canada’s currency. Now, we use the Canadian dollar, which is made up of 100 Canadian cents.Īs a British Colony, our money was once tied to the value of the British Pound and then to the price of gold. Prior to that, a variety of currencies were in use throughout “Canada”, including the British Pound, the American Dollar, and even the Spanish Peso. ![]() While today’s Canadian currency is very recognizable and strong, it’s only been in place since 1870. Visiting the Canadian Mint in Winnipeg, Manitoba. However, we do like to always have $20-40 in cash on hand just in case. However, Canada is also one of the most credit-card-friendly countries in the world with more and more people using either credit cards or debit cards, which is much more convenient than carrying around cash and worrying about change. In Canada, we use both coins and paper money. What is the Currency in Canada?Ĭanadian money is referred to as the Canadian dollar ($). In this article, we’ll teach you all about Canadian money. ![]() In fact, Canada’s bills and coins all feature pictures of important national symbols, which make them works of art. Unlike the less interesting “greenback” used in the United States of America, which all looks more or less the same, Canadian currency is truly beautiful. ![]() Canadian Money is often referred to as monopoly money thanks to its bright colours and unique artwork. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |