The abbreviation of Canadian dollar is C$. It is the official currency of Canada. Early Canadian banknotes were issued by Royal Bank of Canada and local banks. Bank of Canada, founded in 1934, is called Bank of Canada.
The Bank of Canada is responsible for issuing currency in Canada. There are eight denominations of Canadian banknotes, including 1, 2, 5, 10, 20, 50, 100 and 1000 Canadian dollars. There are also 1, 2 Canadian dollars and 1, 5,1,25 and 50 bonus coins, of which 2 Canadian dollars are bimetallic inlaid coins. 1 Canadian dollar equals 100 plus integral.
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Canadian dollar history:
1934 during the transitional period before the establishment of the Bank of Canada, bank notes issued by the government and chartered bank notes were circulated in the market at the same time. Later, the banknotes issued by Standard Chartered Bank gradually withdrew from the circulation field. By the end of 1949, the banknotes issued by Standard Chartered Bank were rarely used in practice.
Since the Bank of Canada 1935, Canada has issued six series of banknotes, namely 1935, 1937, 1954, Canadian Scenery, Birds and Canada Journey Series.
1935, Canada issued the first batch of bank notes, which were printed in English and French respectively, but later series of bank notes were printed in English and French. The redesigned banknote series was issued in 1937, 1954 and 1969, and the latest banknote was issued in 1986.
1971September 18, the exchange rate between Canadian dollar and US dollar was set at $65,438 +0 including $0.9957. 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.
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