Tuesday, November 26, 2013
A century after intrepid explorers set sail from Victoria, BC to study Canada’s Western Arctic and deepen the world’s understanding of life in the Canadian North, the Royal Canadian Mint has launched two 25-cent commemorative circulation coins to celebrate both the 100th anniversary of this historic expedition, as well as the cultures and traditions which continue to thrive in our Arctic regions.
The Royal Canadian Mint is proud to circulate coins which give Canadians a new way to appreciate the people, places and events which have shaped Canada as we know it today
- Ian E. Bennett, President and CEO of the Royal Canadian Mint
As of today, a total of 25 million 25-cent commemorative circulations coins will begin circulating via the Mint’s national coin distribution network. 12.5 million coins feature artist Bonnie Ross’ illustration of explorers preparing to take their first north-bound steps into uncharted territory 100 years ago. Another 12.5 million coins celebrate “Life in the North” through the rich symbolism created by Kinngait (Cape Dorset), NU artist Tim Pitsiulak.
Wednesday, November 6, 2013
The new polymer notes of $ 5 and $ 10 will be released tomorrow by the Bank of Canada.
Tuesday, October 22, 2013
Being the only place in the world with two official currencies in the same country, Raul Castro, President of Cuba has announced the end of this situation. The currency of the citizens is currently worth less than 5 cents, while the currency of tourists is the convertible peso (CUC) worth about $1.
The details of the unification of the two currencies have not yet disclosed by Raul.