Loonie into circulation. In 1997, 2002, and each year since 2004, the Royal Canadian Mint has issued a one-dollar coin that depicts a different and unique image of a bird on the coin's reverse. These special loonies have limited mintages and are available only in the six-coin specimen sets. Footnotes Bibliography Loonie The loonie (), formally the Canadian one-dollar coin, is a gold-coloured coin that was introduced in 1987 and is produced by the Royal Canadian Mint at its facility in Winnipeg. The most prevalent versions of the coin show a common loon, a bird found throughout Canada, on the reverse
Trillion dollar coin QE creates is only temporary, then they will not expect rapid inflation in the near future. These expectations collectively influence actual pricing behavior and, in turn, actual inflation." The Federal Reserve could ensure that commercial banks do not lend out excess reserves by paying interest on their reserves at the Fed so that the return commercial banks receive on them is greater than they could receive from alternative uses. Finally, in the case of the coin, the Federal Reserve could also sterilize the government's spending of the coin by selling other assets from its balance sheet on a dollar-for-dollar basis,