Thursday, May 10, 2012

New Canadian $20 Bill Too Provocative for Some | The Exchange - Yahoo! Finance

Photo taken of the Mother Canada mourning in 2...
Photo taken of the Mother Canada mourning in 2004, in colour (Photo credit: Wikipedia)

If there was ever a need to confirm how badly U.S. currency needs a makeover, this is it. Our neighbors to the north just introduced a new $20 bill in Ottawa, and the redesign has garnered a bit of controversy. The bill features Queen Elizabeth II, who is celebrating her Diamond Jubilee this year, on the front of the note. The back pays tribute to the sacrifices of Canadian men and women in military conflicts with an image of the Canadian National Vimy Memorial. (Watch the Bank of Canada's video introducing the new bill and the significance of Vimy here.) However, some people have called elements of the bill "pornographic," while others have noted a resemblance to the Twin Towers that used to stand in lower Manhattan. The main reason for issuing a new $20 is to prevent counterfeiting threats, said the bank. The new polymer notes are also cheaper and have a smaller environmental footprint. (An image of the back of the $20 note is below.)
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