Money News

Queen Elizabeth II death: How it affects Canada’s currency, stamps, street names – National |


Queen Elizabeth II has been a continuing presence in Canadians’ lives.

Her face is engraved on our cash. It graces the $20 invoice and is featured on a few of our stamps. Even buildings, parks, mountains and islands bear her identify.

Right here’s a take a look at among the issues that can – or gained’t – change following her loss of life:

  • Cash: The Royal Canadian Mint says all cash engraved with the effigy of the Queen will stay authorized tender and keep in circulation indefinitely. It notes that nickels bearing the likeness of her father, King George VI, are nonetheless authorized tender immediately.

Learn extra:

E book of condolences for Queen Elizabeth goes public in Canada

As new cash are produced, the Mint says it will likely be as much as the federal government of Canada to determine whether or not to vary the picture on the obverse (heads aspect) of cash, the place the Queen at the moment seems.

Story continues under commercial

“The Mint should await the Authorities’s route on a brand new obverse design when a change in Monarch happens, however we’ll work intently with the suitable authorities when this variation is requested.”

  • $20 payments: The Financial institution of Canada says the present polymer $20 financial institution word that includes the Queen will proceed to flow into for years to return. Her picture will ultimately get replaced, nonetheless, by that of her successor.

Click to play video: 'Queen Elizabeth II dies at the age of 96'

Queen Elizabeth II dies on the age of 96

Queen Elizabeth II dies on the age of 96

“When it’s ultimately redesigned, the $20 word will proceed to characteristic the reigning monarch,” the financial institution says.

  • Stamps: Canada Submit gained’t say what is going to occur to present stamps that includes the Queen’s picture however will presumably proceed to simply accept these used after her loss of life as authorized postage.

As for whether or not the brand new monarch’s picture will seem on new stamps, Canada Submit says: “We now have a Nationwide Stamp Advisory Committee that evaluates and determines components of stamp points. These components are solely disclosed as soon as the stamp is introduced publicly.”

Story continues under commercial

Learn extra:

Charles to offer 1st speech as king as U.Ok. mourns Queen Elizabeth’s loss of life

  • Buildings, locations and organizations named after the Queen: There isn’t a purpose to suppose many, if any, will change their names. In spite of everything, many buildings, locations and organizations in Canada proceed to bear the identify of Queen Victoria greater than a century after her loss of life.
  • Canadian Armed Forces: The Queen’s Personal Rifles, Canada’s oldest infantry regiment, gained’t be altering its identify, which is definitely in honour of Queen Victoria.

Click to play video: 'Queen Elizabeth death: Emotional Trudeau says ‘Canada is in mourning’'

Queen Elizabeth loss of life: Emotional Trudeau says ‘Canada is in mourning’

Queen Elizabeth loss of life: Emotional Trudeau says ‘Canada is in mourning’

Nonetheless, Queen Elizabeth’s passing may have some influence on greater than a dozen different regiments, navy branches and navy organizations, for whom the Queen has been the titular head or patron.

In keeping with the Division of Nationwide Defence, The Queen is colonel-in-chief to 12 armour and infantry regiments, together with the Governor Basic’s Horse Guards. She holds the identical title within the CAF Authorized Department and the Department of Canadian Navy Engineers and he or she is Captain Basic to the Royal Regiment of Canadian Artillery.

Story continues under commercial

Learn extra:

Queen Elizabeth II has died. Right here’s what’s subsequent for King Charles III

She can also be patron to a number of navy-related organizations, together with the Navy League of Canada and the Royal Canadian Naval Benevolent Fund.

Queen Elizabeth has stuffed these roles in her private capability. Therefore, the titles “won’t robotically switch to the brand new Sovereign,” the division says.

Ought to they select to call a brand new colonel-in-chief or patron, the division says every regiment or group must submit a request to the brand new monarch, or different members of the Royal Household, for his or her consideration.

© 2022 The Canadian Press

Source link

Related Articles

Back to top button