1, the abbreviation of Canadian dollar C$. It is the official currency of Canada. At present, there are five denominations of Canadian paper money: 5 10, 20,50, 100 yuan. There are also 1 yuan, 2 yuan and coins of 5, 10, 25 and 50 cents.
2. Banque du Canada, established in 1934, is the central bank of Canada. The Bank of Canada is responsible for issuing currency in Canada.
1before may 2, 962, Canada implemented a floating exchange rate. 1 On May 2, 962, the Canadian government stipulated that the fixed exchange rate between Canadian dollar and US dollar was1US dollar 1.05438+0 Canadian dollar. 1971August 15, the Canadian dollar began to adopt a floating exchange rate. The Canadian government has not stipulated that its currency must be guaranteed by minimum gold and foreign exchange. With the depreciation of the US dollar, the exchange rate of 197 18 Canadian dollars against the US dollar in September was set as 10 US dollars including 0.9957 US dollars according to its gold content. 1974, the exchange rate of the Canadian dollar against the US dollar rose to the highest point since 16. The Canadian government began to limit capital outflows and at the same time strengthened the central bank's intervention in the foreign exchange market. 198 1, the US dollar interest rate began to rise, but the Canadian dollar exchange rate basically showed a downward trend. 1985 fell to 1, that is, 1.42 Canadian dollars.
After the finance ministers meeting of the five western countries in September, 1985, the exchange rate of the US dollar kept falling, while the Canadian dollar kept rising, 1986, 1, 1.3895, 1987, 1.326.
3. Canadian residents are mainly descendants of British and French immigrants, who are English-speaking areas and French-speaking areas respectively, so both English and French characters are used on paper money. Canada is a Commonwealth country, and the main pattern on paper money is the head of the British ruler. For example, in 1935, Canada issued and printed the first batch of banknotes with the head of King George V, which were printed in English and French respectively. 1937, the 1937 version of banknotes with the head of King George VI in England was printed in English and French at the same time. Later, 1954 and 1969 banknote series were printed in English and French: 1954 began to issue banknotes with the head of Elizabeth II, and the latest banknotes were issued in 1986. Both old and new banknotes can be used in common.