The Bank of Canada has released the final design for a new $20 bill that will feature King Charles III, marking his debut on Canadian currency. This is the first time Charles appears on a Canadian banknote, replacing the portrait of Queen Elizabeth II, who passed away in 2022. The new design includes a vertical portrait of the monarch, a departure from the horizontal format previously used.
The change reflects the transition of the British monarchy’s leadership in Canada. The new bill is set to enter circulation early next year. While the design was previously announced, the final version has now been confirmed. The update aligns with broader changes in the monarchy’s public presence, including the introduction of a new royal crest and updated official titles.
The new $20 bill will be the first Canadian banknote to feature Charles. The decision to replace Elizabeth II’s image was made in accordance with the monarchy’s evolving role in Canada. The Bank of Canada has not provided additional details on the design’s symbolism or the rationale behind the vertical format. The change is expected to be well-received by the public.
