HISTORY OF CANADIAN DOLLAR-----$

THE GREAT CANADIAN DOLLAR:-

The Great Canadian dollar -----$----- is the currency of Canada. It is usually abbreviated with the Dollar $ symbol usually C$ to differentiate it from other dollar currencies used in other countries.It is divided into 100 cents(100 parts). In the year of 2007, The Canadian Dollar was on the 7th number in the list of most traded currency in the world.It is one of the most stable currency of the world

Currencies used in Canada:-

1).Newfoundland dollar used from 1865 till 1895 in Canada.
2).The Nova Scotian dollar used from 1860 till 1871 in Canada.
3).Prince Edward Island dollar used from 1871 till 1873 in Canada.
4).British Columbia dollar used from 1861 till 1871 in Canada.
5).New Brunswick dollar used from 1860 till 1870 in Canada.
6).Canadian pound used from 1841 till 1858 in Canada.
7).Canadian dollar used from 1858 till present in Canada.


MANY COUNTRIES AND MANY BANKS KEEP CANADIAN DOLLAR $ AS RESERVE CURRENCY.CANADIAN DOLLAR IS CONSIDERED TO BE THE BENCH MARK CURRENCY.


CANADIAN DOLLAR VS AMERICAN DOLLAR:-
1 Canadian dollar = 0.947059 U.S. dollars