Canadian Currency Exchange

Canada is the second largest country in the whole world and it has an extremely strong economy. UK had its colony in Canada once but today it is a free democracy with its own currency. In the year 1841, Canada started issuing paper money. The Bank of Montreal started issuing notes in denominations of $4, $5, $10, $20, $50 and $100. But in the year 1866, the Province of Canada started issuing its own paper money in denominations of $1, $2, $5, $10, $20, $50, $100 and $500. In the year 1870, the Dominion of Canada issued 25¢ notes for the first time along with new issues of $1, $2, $500 and $1000, $50 and $100. The latter governments produced notes in denominations of $1 and $2 to which $4 was added in the year 1882.

The year 1896 saw notes of denominations of $500, $1000, $5000 and $50,000 being issued for bank transactions though they were certainly not for public use. The year 2000 saw the Canada government banning $1000 notes to fight against organized crime and money laundering. The Canadian Currency Exchange is very stable because of the very economy of Canada. In fact the rate is close to the United States Dollar.

Canadian Currency exchange can be dome in almost all the countries of the world. In fact, a lot of Central Banks are known to have Canadian money as reserve currency. There are many websites on the internet that will give the exact currency exchange rate of the Canadian dollar.

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