Neha Patil (Editor)

Withdrawn Canadian banknotes

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Banknotes that are no longer in issue in Canada, and are being actively removed from circulation, are said to be withdrawn from circulation.

Contents

Current issues

The Bank of Canada, Canada's sole issuer of bank notes, currently issues five different denominations ($5, $10, $20, $50 and $100). Smaller denominations have been replaced by coins, and larger ones are felt to be no longer required in an era of electronic transmission of most large transactions. Despite competition from some more valuable foreign notes (most notably, the 500 euro banknote), there are no plans to re-issue Canadian banknotes larger than $100.

Defunct currency

Notes issued by these former issuing authorities are considered to be withdrawn from circulation:

  • Colonial governments, prior to each province or dominion entering confederation.
  • The Dominion of Canada between 1870 and 1935, which issued notes in denominations of 25ยข, $1, $2, $4, $5, $50, $100, $500, and $1,000
  • Canadian chartered banks, from pre-Confederation to 1944.

    • References

    Withdrawn Canadian banknotes Wikipedia
    (Text) CC BY-SA