Bank of Canada Unveils $20 Note Featuring King Charles III

# Bank of Canada Unveils $20 Note Featuring King Charles III ### Why in News? The **Bank of Canada** unveiled a new **$20 banknote featuring King Charles III**, the first change of monarch on Canadian paper currency in more than 70 years. ### Key Details - The new note replaces the portrait of **Queen Elizabeth II** with **King Charles III**. - It uses a **vertical design**, only the second Canadian banknote to do so. - The reverse features the **Canadian National Vimy Memorial in France**. - The banknote also includes floral symbols of Canada’s provinces and territories and a window featuring plants selected with Indigenous input. - The new notes are scheduled to enter circulation in **February 2027**. ### Exam Connect - **Bank of Canada** → Canada’s central bank → issues Canadian banknotes - **$20 note** → first Canadian banknote featuring King Charles III