Bank of Canada Unveils CAD 20 Note With King Charles III
Why in the news
Canada’s central bank showed a redesigned CAD 20 banknote, the first with the reigning king’s portrait.
Key facts
- Issuer: Bank of Canada.
- Denomination: CAD 20 note.
- Portrait: King Charles III, the first British monarch on Canadian money for more than seven decades.
- Design: vertical layout, as with the CAD 10 note.
- Reverse: Vimy Ridge Memorial in France.
- Circulation: expected from early 2027.
Exam relevance
Currency and banknote updates from foreign central banks are a common banking GK theme, so remember the issuer, denomination, portrait and landmark.
Exam angle
- Central bank: Bank of Canada.
- Landmark on the reverse: Vimy Ridge Memorial, France.
- Orientation of the note: vertical.
- Expected release: early 2027.