Months after King Charles III assumed his new role as monarch, Canada has yet to update its currency to include images of the new sovereign. Here's what we know about when and whether King Charles will replace Queen Elizabeth on Canadian coins and banknotes.
According to the Bank of Canada, which produces the country’s banknotes, it will be years before images of the King appear on the $20 bill. The current $20 banknote is intended to circulate for years to come, said Bank of Canada spokesperson Amelie Ferron-Craig.
In accordance with the Bank of Canada Act, the minster of finance is responsible for approving the portrait subject of new banknotes. The Bank of Canada has not received any kind of approval from the ministry regarding the design of a new $20 banknote, Ferron-Craig said.
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