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

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. This update will occur through redesigning the banknotes to feature the new monarch on the most commonly used bills in circulation. The $10 note will be the first to feature King Charles, followed by other denominations.

May 06, 2024
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