The $1 banknote of the 1935 Series features a portrait of George V.
The 1935 Canadian banknote series is the first series of banknotes of the Canadian dollar issued by the Bank of Canada. They were first circulated on 11 March 1935, the same day that the Bank of Canada officially started operating. Two sets of banknotes were printed for each denomination, one in French for Quebec, and one in English for the rest of Canada.[1][2] This is the only series issued by the Bank of Canada with dual unilingual banknotes.[3] This series was followed by the 1937 Canadian banknote series.
The Bank of Canada issued a press release in February 1935 announcing details of the banknotes to "prevent possible confusion" amongst the public and as a protective measure against counterfeiting.[1] The Bank of Canada Act which had established the Bank of Canada also resulted in the repeal of the Finance Act and the Dominion Notes Act.[3] With the introduction of the 1935 Series into circulation, the Dominion of Canada banknotes were withdrawn from circulation by the Bank of Canada from 1935 to 1950,[3][4] which also replaced the Department of Finance as the nation's exclusive issuer of banknotes.[5][6]
^ abThe Ottawa Evening Citizen 1935, p. 1.
^Milwaukee Journal 1937, p. 7.
^ abcPowell 2005, p. 29, Establishment of a central bank.
^Pomfret 2013, p. 177.
^Gough 2010, p. 83.
^Bank of Canada.
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