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World Currencies

How does Canada issue currency?

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January 19, 2008 9:19PM

Canada issues currency through its central bank, the Bank of Canada. It was established through the Bank of Canada Act in 1934. It was created in 1935 as a private entity and became a public institution in 1938, a Crown Corporation. All coins are produced by the Royal Canadian Mint and notes are produced by both the Canadian Bank Note Company and BA International Inc.