ǿմý

Skip to main content

King Charles III will be the new face of Canada's $20 bill, coins

Share

Canada's $20 banknote and coins will be getting a new look featuring King Charles III, the federal government announced amid celebrations marking the King’s coronation.

Following the historic coronation on Saturday, the Bank of Canada said its next design process will replace Queen Elizabeth II's portrait with King Charles' on the $20 bill. Additionally, the Royal Canadian Mint will redesign Canadian coins to feature an effigy of the King, keeping up with the century-old tradition of having the reigning monarch appear on Canadian coins.

No details were given regarding when the redesign process would take place, but the federal government says Canadians should expect to see the design of the new coin effigy “in the coming months.” Meanwhile, updates to the $20 bill will likely “take a few years.”

The announcements came as members of the Royal Family, invited guests and millions worldwide witnessed King Charles’ coronation, the first to take place since his mother’s in 1953.

the federal government has ordered the Bank of Canada and the Royal Canadian Mint to take on the redesign.

In the meantime, existing coins and $20 banknotes featuring Queen Elizabeth II’s portrait will continue to be legal tender.

The Bank of England has already revealed the new design for its 5, 10, 20, and 50-pound banknotes featuring the King. While Canada's redesign will need to be approved by the King, royal experts say it won't be the same imagery used by the Bank of England.

Among other Commonwealth nations, there have been varying opinions on the use of King Charles' portrait on their banknotes. The Reserve Bank of New Zealand said it will be replacing the late queen's imagery with King Charles. In Australia however, Queen Elizabeth II's imagery on their $5 banknote will be replaced with an Indigenous design to honour the culture and history of the First Australians,

Many Caribbean nations aren't entertaining the idea of updating their money to feature the King, as discussions of the monarchy's role within each country continue to be questioned. The governor of the Eastern Caribbean Central Bank reportedly said they had "no appetite" for a redesign.

In Canada, the reigning monarch has appeared on Canadian coins since 1908 and paper money since 1935.

With files from The Canadian Press and CTVNews.ca's Jennifer Ferreira 

CTVNews.ca ǿմý

The province's public security minister said he was "shocked" Thursday amid reports that a body believed to be that of a 14-year-old boy was found this week near a Hells Angels hideout near Quebec City.

Since she was a young girl growing up in Vancouver, Ginny Lam says her mom Yat Hei Law made it very clear she favoured her son William, because he was her male heir.

An Ontario man says it is 'unfair' to pay a $1,500 insurance surcharge because his four-year-old SUV is at a higher risk of being stolen.

For the last seven-and-half months, Toronto resident Heather McArthur has been living out what she describes as her 'worst nightmare.' On Feb. 7, her then three-year-old son Jacob along with his father Loc Phu 'Jay' Le departed for what was supposed to be a week-long visit to Vietnam to celebrate the Lunar New Year with family, McArthur says.

Local Spotlight

They say a dog is a man’s best friend. In the case of Darren Cropper, from Bonfield, Ont., his three-year-old Siberian husky and golden retriever mix named Bear literally saved his life.

Paleontologists from the Royal B.C. Museum have uncovered "a trove of extraordinary fossils" high in the mountains of northern B.C., the museum announced Thursday.

The search for a missing ancient 28-year-old chocolate donkey ended with a tragic discovery Wednesday.

The Royal Canadian Mounted Police is celebrating an important milestone in the organization's history: 50 years since the first women joined the force.

It's been a whirlwind of joyful events for a northern Ontario couple who just welcomed a baby into their family and won the $70 million Lotto Max jackpot last month.

A Good Samaritan in New Brunswick has replaced a man's stolen bottle cart so he can continue to collect cans and bottles in his Moncton neighbourhood.

David Krumholtz, known for roles like Bernard the Elf in The Santa Clause and physicist Isidor Rabi in Oppenheimer, has spent the latter part of his summer filming horror flick Altar in Winnipeg. He says Winnipeg is the most movie-savvy town he's ever been in.

Edmontonians can count themselves lucky to ever see one tiger salamander, let alone the thousands one local woman says recently descended on her childhood home.

A daytrip to the backcountry turned into a frightening experience for a Vancouver couple this weekend.

Stay Connected