It will be able to remove other notes in the future as needed. The US Mint produces on average about thirteen billion. The government currently has no plans to take any bank notes other than the $1, $2, $25, $500 and $1,000 notes out of circulation. The United States one cent coin, better known as the US penny. It also guarantees they are always easy to spend since recent notes are more recognizable to merchants. Having the power to remove legal tender status from bank notes is a way to complete their removal from circulation and to help ensure that Canadians have access to the most current and secure bank notes. The Minister of Finance is responsible for both the Bank of Canada Act and the Currency Act, and the changes made to allow the removal of legal tender status from bank notes were initiated by the Minister in consultation with the Bank of Canada and other agencies. Amendments to the Bank of Canada Act and the Currency Act approved by Parliament in 2018 gave the Government of Canada the power to remove legal tender status from bank notes-something it could not do before. Two new coins for the 10th Anniversary of the 2-dollar Circulation Coin (2006).
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