Exploring the Denominations of Canadian Currency- A Comprehensive Guide_1

What denominations does Canadian money come in? Canada’s currency system is designed to provide a range of denominations that cater to various transactions and needs. From the smallest coins to the largest banknotes, each denomination plays a crucial role in facilitating economic activities within the country. Let’s explore the different denominations that make up Canada’s currency system.

Canada’s currency system is based on the Canadian dollar (CAD), which is subdivided into 100 cents. The coins and banknotes available in Canada are as follows:

1. Coins:
– 1 Cent: Known as the “Lucky Loonie,” this coin features a loon on one side and the word “Canada” on the other.
– 5 Cents: Known as the ” nickel,” this coin features a maple leaf on one side and the word “Canada” on the other.
– 10 Cents: Known as the “dime,” this coin features a beaver on one side and the word “Canada” on the other.
– 25 Cents: Known as the “quarter,” this coin features a caribou on one side and the word “Canada” on the other.
– 50 Cents: Known as the “half dollar,” this coin features a map of Canada on one side and the word “Canada” on the other.
– 1 Dollar: Known as the “loonie,” this coin features a loon on one side and the word “Canada” on the other.
– 2 Dollars: Known as the “toonie,” this coin features a polar bear on one side and the word “Canada” on the other.

2. Banknotes:
– 5 Dollars: Known as the “five,” this banknote features a portrait of Sir Wilfrid Laurier on one side and the Canadian parliament on the other.
– 10 Dollars: Known as the “ten,” this banknote features a portrait of Lester B. Pearson on one side and the Canadian flag on the other.
– 20 Dollars: Known as the “twenty,” this banknote features a portrait of John A. Macdonald on one side and the Canadian maple leaf on the other.
– 50 Dollars: Known as the “fifty,” this banknote features a portrait of Queen Elizabeth II on one side and the Canadian landscape on the other.
– 100 Dollars: Known as the “hundred,” this banknote features a portrait of David Thompson on one side and the Canadian wildlife on the other.
– 200 Dollars: Known as the “two hundred,” this banknote features a portrait of Alexander Graham Bell on one side and the Canadian innovation on the other.
– 500 Dollars: Known as the “five hundred,” this banknote features a portrait of Viola Desmond on one side and the Canadian history on the other.

These denominations of Canadian money are carefully designed to accommodate transactions of various sizes, ensuring that Canadians can conduct their daily financial activities with ease and efficiency. The currency system also reflects Canada’s diverse culture, history, and natural beauty through its unique designs and portraits.