Dominion of Canada Notes

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Dominion of Canada Notes

In the 1830's to 1860's Provincial and Municipal Governments (and even some cites) in Canada issued notes for themselves.

By 1866 the Federal Government, hugely in debt, implemented government-issued bills in denominations of $1 to $1000. In 1871 the Government started to restrict the Chartered Banks and the lower forms of Government, from issuing their own currency. Initially, this central issuer was called the Dominion of Canada.

When the Bank of Canada finally came into being in 1935, all Dominion of Canada notes where taken over by the new, official central bank.

Circulating Notes

Bank Legals

Bank Legals were very large denomination notes used to pass money between banking institutions. Used as "reserves", these notes where not released to general circulation.

See Also