Withdrawn Denominations
Main article: Withdrawn Canadian banknotesThe 1935 series was the only series to have included $25 and $500 denominations. Both denominations were short lived. The $25 note was withdrawn on May 18, 1937. Stacks of unissued 1935 $500 notes were destroyed in February 1938, and issued $500 notes were recalled and withdrawn from circulation five months later.
Some of the most significant recent developments in Canadian currency were the withdrawal of the $1, $2, and $1,000 notes in 1989, 1996, and 2000 respectively. The $1 and $2 denominations have been replaced with coins, colloquially referred to as the "loonie" and "toonie" respectively. The $1,000 note was removed at the request of the Solicitor General of Canada, and the Royal Canadian Mounted Police, as it was reported that they were largely being used for money laundering and organized crime.
Read more about this topic: Banknotes Of The Canadian Dollar
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