Growing up in Michigan, I have been a little familiar with Canadian money as occasionally I would end up with Canadian coins as they once-in-a-while mixed in with USA coins, but since I've learned I'm a "Lost Canadian" I thought it would be a beneficial thing to learn about Canadian money - and I have to say I've learned some surprising and impressive things!
- There are those who say Canadian money looks like Monopoly money: Canada's polymer bills are vibrant, colorful (a blue $5, purple $10, green $20, etc.), and practically indestructible.
- For a bit of history, people in Britain’s Canadian colonies used a variety of different currencies to buy things, including British pounds, American dollars, Spanish pesos, and even unique colonial currencies made by local banks and governments. In 1867, the new unified Canadian government gained exclusive constitutional power over currency, and in 1870 it used this power to pass the Dominion Notes Act (now known as the Currency Act) which made the Canadian Dollar ($) the official currency of Canada.
- Canada's official currency is the Canadian dollar (CAD, often written as $ or C$). It is divided into 100 cents and issued by the Bank of Canada (plastic money) and the Royal Canadian Mint (coins).
You will find my full post about Canadian money at this link.
No comments:
Post a Comment