Bank of Canada Notes

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Bank of Canada Notes

The Bank of Canada came into being through the work of a typically Canadian institution, a Royal Commission. The Royal Commission on Banking and Currency recommended the establishment of a central bank in Canada in September of 1933.

When the Bank of Canada finally came into being in 1935, the banks were given 10 years to reduce their issues to 25% of their paid-up capital. In 1944, the Bank Act removed completely the right to issues bills.

Since then, the Bank has released several different "designs" we call series.

Banknote Series Issued by the Bank of Canada

See Also