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Bank of Canada to unveil new $20 bill featuring King Charles

Tiff Macklem unveiled the polymer note in Ottawa, and the $20 bill will begin circulating in late February 2027, the bank said.

  • On Sept 3, Canada Governor Tiff Macklem unveiled the new, vertical $20 bill featuring King Charles in Ottawa, calling the design "historic" and "visually stunning."
  • The government directed the Bank to feature the King in its next redesign, replacing Queen Elizabeth following his 2022 ascension to the throne.
  • Predominantly green and vertical, the new polymer note centers the King on the front while retaining The Canadian National Vimy Memorial on the back.
  • This is the second Bank Note in the vertical series, following the $10 note featuring Viola Desmond, which won the Year Award for 2018.
  • Canadian bills have featured the reigning monarch since 1935, continuing a tradition that underscores the monarchy's symbolic role in the nation's currency.
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The first Canadian banknote that appears on King Charles III's face was released in Ottawa on Thursday. The portrait of the current monarch replaces the portrait of Queen Elizabeth II. It has a value of $20 and is a vertical banknote. Article Historical change in Canada: King Charles III's face appears for the first time on a banknote. It has a vertical design, and its value is 20 Canadian dollars appears first on Romania TV.

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Her effigy replaces that of the late Queen Elizabeth II.

·Montreal, Canada
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In the midst of growing tensions with the US, Canada's central bank presents its new 20 dollar note. It bears the portrait of King Charles III and is thus the first Canadian banknote with the image of the monarch. Most recently, its popularity in the country increased again.

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Winnipeg Free Press broke the news in Winnipeg, Canada on Thursday, September 3, 2026.
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