CANADA and its Currency
Coin-house, Kochi
Canada is a country in North America that covers most of the northern part of the continent. It is the second-largest country in the world by area, and has a population of about 38 million people. Canada is known for its natural beauty, multiculturalism, and strong economy.
Canada's history dates back to the arrival of the first Indigenous peoples thousands of years ago. They were followed by European explorers and settlers, who established colonies and trade networks.
Canada became a self-governing dominion within the British Empire in 1867, and gradually gained more autonomy and independence over time. Canada is now a federal parliamentary democracy and a constitutional monarchy, with Queen Elizabeth II as its head of state.
Canada is one of the most developed and prosperous countries in the world, with a high standard of living, quality of education, health care, and human rights.
Canada is also a member of several international organizations, such as the United Nations, NATO, the Commonwealth, and the G7. Canada has a diverse and multicultural society, with two official languages (English and French) and many other languages spoken by its people.
The currency of Canada is the Canadian dollar (CAD), which is divided into 100 cents. The Canadian dollar is one of the most traded currencies in the world, and is often considered a safe haven currency. The Canadian dollar is influenced by various factors, such as the price of oil, interest rates, trade relations, and global events.
The Canadian dollar banknotes are issued by the Bank of Canada, and come in denominations of 5, 10, 20, 50, and 100 dollars.
The banknotes feature portraits of notable Canadians on one side, and images related to their achievements or themes on the other side. The banknotes also have various security features, such as holograms, watermarks, raised ink, and transparent windows.
The Canadian dollar coins are minted by the Royal Canadian Mint, and come in denominations of 1 cent (penny), 5 cents (nickel), 10 cents (dime), 25 cents (quarter), 50 cents (half-dollar), 1 dollar (loonie), and 2 dollars (toonie).
The coins have different shapes, sizes, colors, and designs, reflecting Canada's culture and history. The coins also have some special editions or commemorative coins that are issued from time to time.
The old currency of Canada was the Canadian pound (CPL), which was based on the British pound sterling. The Canadian pound was introduced in 1841, when Canada was still a colony of Britain. The Canadian pound was divided into 20 shillings or 240 pence.
The Canadian pound was replaced by the Canadian dollar in 1858, at a rate of 1 dollar = 4 shillings or 5 US dollars.
