The Bank of Canada on the 7th of November announced the entry into circulation of the new $20 polymer bank notes, during an official ceremony at the Canadian War Museum. Starting today, these new notes will gradually become available at financial institutions across Canada. The Vimy Foundation is proud to have been involved in the process.
Bank of Canada Governor Mark Carney was joined at the event by Minister of Finance Jim Flaherty, Minister of Veterans Affairs Steven Blaney, and David Houghton, President of the Vimy Foundation.
“The introduction of the $20 note is an important milestone for the new Polymer series. Making up half of all bank notes in circulation, the $20 note is the most used denomination,” said Governor Carney.
The front of the new $20 note features a portrait of Her Majesty Queen Elizabeth II, Canada’s Head of State; while the imagery on the back of the note features the Canadian National Vimy Memorial. This iconic monument, located in Vimy, France, commemorates the 1917 Battle of Vimy Ridge and honours Canadians who fought and gave their lives in the First World War in France and who have no known grave.
“It is fitting that we are launching these new notes at the Canadian War Museum only a few days before Remembrance Day. These new notes pay tribute to the sacrifices of Canadian men and women who fought to protect Canada and its allies in all military conflicts,” said Minister Flaherty. “
Minister Blaney noted the special significance to veterans of featuring the Canadian National Vimy Memorial on the $20, “With these notes, Canadians are honouring the contributions and sacrifices of our military men and women, a powerful sentiment that I am certain will resonate strongly with our veterans and their families.”
Vimy Foundation President David Houghton added, “Each time we open our wallets, we will be reminded of the significance of the battle of Vimy in Canadian history—a pivotal moment when our country came of age.”