The Bank of Canada is set to unveil its new $20 bill this week, the third in its series of new polymer banknotes.
The new $20 note will feature an updated portrait of Queen Elizabeth II on the front and the Canadian National Vimy Memorial on the back. According to a press release, the design of the new $20 banknote is meant to pay “tribute to the contribution and sacrifices of Canadian men and women in all military conflicts.”
Since November 2011, the Bank of Canada has introduced two notes in the polymer series: the $100 note and the $50 note.
The design of previous notes has also paid tribute to Canada’s “spirit of innovation.”
“The new polymer series is itself a technical innovation, and its designs celebrate Canada’s achievements at home, around the world and in space. Reflecting the ingenuity, determination and courage of a nation and its people, Canada’s accomplishments extend well past our frontiers,” says the Bank of Canada’s website.
To date, banknotes in the new series have featured security devices such as raised ink, a large transparent window that also contains a colour-shifting metallic portrait, hidden numbers in the transparent window that match the note’s denomination, transparent text, a frosted maple leaf window that also contains hidden numbers, among others, though specifics on the new $20 banknote security features have yet to be released.
The $20 denomination is the most circulated bill in Canada, and will be introduced into circulation later this year. The last two notes in the series – the $10 and $5 bills – will be released before the end of 2013.