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Canada is the first Commonwealth country to put the King on its banknotes outside of Britain since his ascension to the throne. <\/p>\n
In addition, it also depicts a floral and leafy tapestry “inspired by the King’s lifetime dedication to the environment”, according to the Bank of Canada.<\/p>\n
Wayne Long, a Liberal MP and secretary of state for the Canada Revenue Agency, said at the unveiling that the symbols on the banknote “serve as a powerful reminder of who we are as a nation and what we value.”<\/p>\n
Some elements of it were chosen in consultation with an Indigenous advisory council, the central bank added. <\/p>\n
It is the second vertical banknote issued in Canada. The first is the $10 bill, depicting Black civil rights advocate Viola Desmond. Its design went on to be selected as best in the world in 2018 by the International Bank Note Society. <\/p>\n
The new $20 banknote will enter circulation early next year, said Macklem. <\/p>\n
Polling suggests that many Canadians believe the country should end its formal ties to the British monarchy, particularly in the French-speaking province of Quebec. <\/p>\n