OTTAWA, Nov. 7, 2012 /CNW/ - The Bank of Canada today announced the entry into circulation of the new $20 polymer bank notes, during an official ceremony at the Canadian War Museum. Starting today, these new notes will gradually become available at financial institutions across Canada.
Bank of Canada Governor Mark Carney was joined at the event by Minister of Finance Jim Flaherty, Minister of Veterans Affairs Steven Blaney, and David Houghton, President of the Vimy Foundation.
"The introduction of the $20 note is an important milestone for the new Polymer series. Making up half of all bank notes in circulation, the $20 note is the most used denomination," said Governor Carney. "Our safer, cheaper, greener polymer notes will soon be part of Canadians' daily lives. That is why the Bank of Canada has been working closely with Canada's financial sector and the cash-handling industry since 2009 to help prepare for and support a successful transition to the Polymer series."
The front of the new $20 note features a portrait of Her Majesty Queen Elizabeth II, Queen of Canada, while the imagery on the back of the note features the Canadian National Vimy Memorial. This iconic monument, located in Vimy, France, commemorates the 1917 Victory at Vimy Ridge and honours Canadians who fought and gave their lives in the First World War in France and who have no known grave.
"It is fitting that we are launching these new notes at the Canadian War Museum only a few days before Remembrance Day. These new notes pay tribute to the sacrifices of Canadian men and women who fought to protect Canada and its allies in all military conflicts," said Minister Flaherty. "They also protect Canadians from the threat of counterfeiting. The Polymer series is a Canadian innovation of which we can all be proud."
Minister Blaney spoke of the special significance to Veterans of featuring the Canadian National Vimy Memorial on the $20 note. "With these notes, Canadians are honouring the contributions and sacrifices of our military men and women, a powerful sentiment that will resonate strongly with our Veterans and their families."
Vimy Foundation President David Houghton added, "Each time we open our wallets, we will be reminded of the significance of the Battle of Vimy Ridge in Canadian history - a pivotal moment when our country came of age."
The remaining bank notes in the series - the $5 and $10 notes - will be issued by the end of 2013. Their designs and detailed images will be released when the notes are officially unveiled.
The themes of the denominations are:
| $100 | Medical Innovation - celebrates Canadian innovations in the field of medicine (Portrait: Sir Robert Borden) |
| $50 | CCGS Amundsen, Research Icebreaker - reflects Canada's commitment to Arctic research and the development and protection of northern communities (Portrait: William Lyon Mackenzie King) |
| $20 | The Canadian National Vimy Memorial - evokes the contributions and sacrifices of Canadians in conflicts throughout our history (Portrait: HM Queen Elizabeth II) |
| $10 | The Canadian train - represents Canada's great technical feat of linking its eastern and western frontiers by what was, at the time, the longest railway ever built (Portrait: Sir John A. Macdonald) |
| $5 | Canadarm2 and Dextre - symbolize Canada's continuing contribution to the international space program through robotics innovation (Portrait: Sir Wilfrid Laurier) |
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Image with caption: "From left to right: David Houghton, President of the Vimy Foundation; Mark Carney, Governor of the Bank of Canada; the Honourable Jim Flaherty, Minister of Finance; the Honourable Steven Blaney, Minister of Veterans Affairs, during an official ceremony to issue the new polymer $20 bank note into circulation, at the Canadian War Museum in Ottawa. (CNW Group/Bank of Canada)". Image available at: http://photos.newswire.ca/images/download/20121107_C5891_PHOTO_EN_20293.jpg
Image with caption: "Mark Carney, Governor of the Bank of Canada, buys the Vimy Pin with Canada's new $20 polymer bank note, as the Honourable Jim Flaherty, Minister of Finance, looks on. The transaction, at the Canadian War Museum's gift boutique, followed the ceremony issuing the new $20 note into circulation. (CNW Group/Bank of Canada)". Image available at: http://photos.newswire.ca/images/download/20121107_C5891_PHOTO_EN_20294.jpg
SOURCE: Bank of Canada
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