The Bank of Canada introduced a new vertical Canadian $20 banknote on Thursday, showcasing King Charles on the front in place of the late Queen Elizabeth II. The release marks the first time Charles appears on Canadian paper currency. The banknote’s portrait is the centerpiece of the design change, replacing the previous monarch’s image. The unveiling situates the new note as a notable update in Canada’s circulating currency. The image of King Charles will appear on the note in the same position previously occupied by Queen Elizabeth II. The Bank of Canada’s publication accompanies the launch with visuals of the vertical format and the bill’s new design elements. The vertical bill, described as the first of its kind in Canada, features Charles in the prominent portrait position. The announcement emphasizes this as a milestone in Canada’s currency series and confirms the new denomination’s release date as part of the bank’s ongoing currency updates.