Canada unveils new $20 bill featuring portrait of King Charles

Live updates

1. 9d ago

   Canada Unveils New Vertical $20 Bill With King Charles

   Canada has officially revealed a new vertical polymer $20 banknote featuring a portrait of King Charles III, replacing the late Queen Elizabeth II. Bank of Canada Governor Tiff Macklem unveiled the currency alongside Governor General Louise Arbour and Secretary of State Wayne Long at an event in Ottawa. The redesigned note incorporates Indigenous motifs alongside upgraded security measures. The development marks the first time a new monarch appears on a Canadian bank note in decades. Citizens will begin seeing the physical currency enter standard circulation early next year.

   Why it matters

   The currency redesign transitions Canadian legal tender to feature the reigning British monarch following the death of Queen Elizabeth II. The Bank of Canada managed the project with a $6 million design cost, while the added security features pushed individual production expenses to $0.35 per bill. The rollout aligns Canada with other Commonwealth nations updating their sovereign currency imagery.

   What is confirmed

   • Canada unveiled a new vertical $20 banknote featuring a portrait of King Charles III.
   • Governor General Louise Arbour and Secretary of State Wayne Long joined Bank of Canada Governor Tiff Macklem for the unveiling event.
   • The new $20 bill will start appearing in circulation early next year.

   What to watch next

   • The official date early next year when the bills enter general circulation
   • Public reception and distribution progress across financial institutions
   Sources used for this update (4)

   1. gazettengr.com — Canada unveils new vertical $20 bill featuring King Charles III
   2. muskoka411.com — Bank Of Canada Unveils New Vertical $20 Bill
   3. www.bbc.com — King and Queen join Highland games fans at Braemar Gathering
   4. newtelegraphng.com — Canada Unveils New $20 Bill Featuring Portrait Of King Charles
   confidence 100%
2. 11d ago

   Bank of Canada unveils vertical $20 bill featuring King Charles III

   The Bank of Canada has revealed a new vertical $20 polymer banknote featuring a portrait of King Charles III. Unveiled by Governor Tiff Macklem in Ottawa, the note replaces the image of the late Queen Elizabeth II. The redesign includes Indigenous motifs and enhanced security features. These bills are scheduled to enter circulation early next year. The project cost $6 million to design, with production costs increasing to $0.35 per bill due to the new security additions.

   Why it matters

   This marks the first time in over 70 years that a new monarch has appeared on Canadian currency. The move follows a 2023 directive from the government of former prime minister Justin Trudeau. Canada is the first Commonwealth nation outside Britain to place King Charles III on its banknotes.

   What is confirmed

   • The new $20 bill features a portrait of King Charles III.
   • The banknote uses a vertical orientation.
   • The new note replaces the image of the late Queen Elizabeth II.
   • Bank of Canada Governor Tiff Macklem revealed the polymer bill at a ceremony in Ottawa.
   • The redesign includes Indigenous motifs and new security features.

   Still unconfirmed

   • The design process cost $6 million.
   • Each note will cost $0.35 to print, an increase of $0.05 per bill.
   • The bills will go into circulation early next year.
   • King Charles III is the fourth monarch to appear on a Canadian banknote.

   What to watch next

   • The official release date for the bills to enter public circulation
   • Confirmation of the final per-unit printing cost
   Sources used for this update (10)

   1. BBC — Canada unveils new $20 bill featuring portrait of King Charles
   2. CBC — Bank of Canada unveils new vertical $20 bill featuring King Charles
   3. CTV News — Bank of Canada unveils new $20 bill featuring King Charles
   4. The Globe and Mail — Bank of Canada set to unveil redesigned $20 bill featuring King Charles
   5. CP24 — New $20 bill revealed by Bank of Canada
   6. Global News — New vertical $20 bill featuring King Charles III unveiled by Bank of Canada
   7. Financial Post — Bank of Canada's new $20 bill features new security features and Canadian, Indigenous motifs
   8. www.aol.com — Canada unveils new $20 'vertical note' with portrait of King Charles
   9. www.sudbury.com — Bank of Canada unveils new $20 note, the first to feature King Charles
   10. www.newser.com — Canada Puts King Charles on $20 Bill, Vertically
   confidence 90%