Canadian dollar Canadian dollar The Canadian dollar (symbol: $; code: CAD; ) is the currency of Canada. It is abbreviated with the dollar sign $, or sometimes Can$ or C$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents (¢). Owing to the image of a loon on the one-dollar coin, the currency is sometimes referred to as the "loonie" by foreign exchange traders and analysts, as it is by Canadians in general, or in French. Accounting for approximately 2% of all global reserves, the Canadian dollar is the fifth most held reserve currency in the world, behind
New Zealand one-cent coin year. Coins of the New Zealand dollar were introduced on 10 July 1967 to replace the pre-decimal New Zealand pound, which was pegged to the British pound. The dollar was pegged at two to a pound, thus 200 cents to the pound. Although New Zealand's previous one-penny coin was 1/240 of a pound, the one-cent coin was made as an exact replacement for the penny's value. The original obverse was Arnold Machin's portrait of Queen Elizabeth II, and was used until 1985. In 1986 the portrait was changed to the version by Raphael Maklouf, introduced to the coins of the