Bank of Canada unveils new $20 note featuring King Charles

The Bank of Canada has officially unveiled the design of its new $20 banknote, which will enter circulation in February 2027. This will be the first Canadian banknote to feature the portrait of King Charles III, replacing the long-standing image of Queen Elizabeth II. Since 1935, the Queen’s portrait had appeared on 18 different Canadian banknotes. The new note introduces a vertical design, distinguishing it from previous versions. Work on the redesign began shortly after King Charles’ coronation in May 2023. On the reverse side, the note depicts the Canadian National Vimy Memorial in France, commemorating the 1917 Battle of Vimy Ridge. Bank of Canada Governor Tiff Macklem described the battle as a symbol of Canadian sovereignty, noting that the memorial bears the names of 11,285 Canadian soldiers. Enhanced Security Features The polymer note incorporates advanced anti-counterfeiting measures, including 3D effects and a purple security strip with moving images when tilted. Raised ink on King Charles’ portrait, the large “20,” and the word “Canada” provide tactile recognition. Symbolism and Identity The note also highlights Canada’s provinces and territories through floral emblems. Indigenous cultural connections are represented by plants such as wild strawberry, western red cedar, braided sweetgrass, and Arctic cotton. Durability Testing To ensure resilience, the Bank of Canada tested the note under extreme conditions, including boiling, exposure to chemicals, and cycles in washing machines and dryers. Officials emphasized that the new design reflects Canada’s identity, values, and resilience amid shifting economic conditions and trade tensions with the United States.