Instead of using
notes to represent One and Two Dollars, coins are used instead.
They are referred to as a “Loonie” for one dollar, and a
“Twoonie” for two dollars.
Loonie
Twoonie
The
Loonie was designed to
replace the country's
supply of one-dollar
bills, which was costing
the Government of Canada
over $16.6 million to replace
each year. The thin
paper dollars had only a
one-year life span,
while the coins were each expected to last as long as twenty years.
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