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flag Canada plans to replace Queen Elizabeth II's image on $20 bills with King Charles III by 2027.

flag Canada plans to replace Queen Elizabeth II's image on the $20 bill with King Charles III by 2027, following the release of a progress report by the Bank of Canada. flag This update will occur through redesigning the banknotes to feature the new monarch on the most commonly used bills in circulation. flag The $10 note will be the first to feature King Charles, followed by other denominations.

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