Canada - 10 Canadian Dollars - P-96b - 1989 dated Foreign Paper Money
Inv# FM2830 Foreign Paper Money
10 Dollars, P-96b. Sir John A. MacDonald Prime Minister on back. The currency of Canada is the Canadian dollar, commonly denoted by the dollar sign $. While there is no universally accepted disambiguation, the abbreviations Can$, CA$, and C$ are often employed to differentiate it from other dollar-based currencies, although C$ can be confused with the Nicaraguan córdoba. The Canadian dollar is subdivided into 100 cents (¢). Due to the depiction of a common loon on its reverse side, the dollar coin, and occasionally the currency unit itself, is colloquially known as the loonie among English-speaking Canadians as well as foreign exchange traders and analysts.
As of January 2024, the Canadian dollar constitutes approximately 2% of total global reserves, ranking as the seventh-most held reserve currency worldwide, following the U.S. dollar, euro, yen, pound sterling, renminbi, and Australian dollar. Its popularity among central banks is attributed to Canada's economic stability, the robust sovereign position of the Canadian government, and the reliability of the nation's legal and political frameworks.
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