The Bank of Canada has issued a commemorative banknote on Queen Elizabeth II. Nicely done. But what's that monument on the back?
The Bank of Canada has honoured Queen Elizabeth II, the longest reigning British monarch. This week Her Majesty’s reign surpassed that
of her great-great-grandmother, Queen Victoria.
A new special commemorative banknote was released on Thursday at a ceremony at the Governor-General’s residence in Ottawa, the Canadian
The new $20 banknote is a variation on the current one which already features an image of the Queen but with one distinct difference:
its large window contains a range of special design elements, including a portrait of Her Majesty wearing a crown (tiara) for the first
time on a Canadian bank note. The portrait is based on a 1951 image by renowned Canadian photographer Yousuf Karsh – the same photograph
that inspired the portrait engraving of the Queen, without the crown, for the 1954 Canadian Landscape series of bank notes and the 1967
commemorative note celebrating Confederation. Since her accession to the throne in 1952, an image of Her Majesty has appeared on every
series of Canadian bank notes.
The Bank of Canada will issue 40 million commemorative notes, the first of which will start to be available at financial institutions
across Canada tomorrow. They will circulate alongside the existing $20 note, which will continue to be issued and will comprise the vast
majority of $20 notes in circulation.
The Bank of Canada has issued only two previous commemorative notes, a rare $25 note in 1935 to mark the Silver Jubilee of the reign of
King George V, and another in 1967 to mark Canada’s centennial.
A fourth commemorative note is in the works for 2017 for Canada’s 150th anniversary.
The U.S. Treasury Department has resisted embarking on a commemorative banknote program due to the huge startup costs for any new note.
But I've always thought it was just a matter of time before the Bureau of Engraving and Printing follows the path of the U.S. Mint. A
commemorative program would allow the government to honor every Tom, Dick and Harriet the public is clambering for. -Editor
To read the complete article, see:
Bank of Canada honours the reign of
Queen Elizabeth II (www.rcinet.ca/en/2015/09/11/bank-of-canada-honours-the-reign-of-queen-elizabeth-ii/)
Wayne Homren, Editor
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