Bank of Canada will want your input on creating the new $5 bill

The Bank of Canada is planning on releasing a new $5 note and it will soon be launching public consultations to decide who will be featured on it.

Stephen S. Poloz, Governor of the Greater Vancouver Board of Trade, says the Bank of Canada will launch nominations for the design of the new polymer bill, similar to the “consultations that led to the selection of Viola Desmond for the $10 note.”

Sir Wilfrid Laurier, Canada’s first francophone Prime Minister is currently featured on the $5 Canadian note in circulation. The bill most recently went through a revision in 2011.

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“I can tell you today that we will soon be launching public consultations about who should appear on the new $5 note,” says Poloz. “This time we will be asking all Canadians to nominate any historic Canadian — someone who is truly banknote-able.”

Poloz urged Canadians to “stay tuned” for further details about how they can be involved in the selection process with more information coming “around the end of the month.”

He concluded his statement by saying, “let us now turn to our discussion.”

Desmon, a Nova Scotia civil right pioneer, was selected to be on the $10 bill after the public nominated which iconic Canadian woman should appear on the note.

The new $10 bill is so far the only Canadian note to use a vertical design.

Bank of Canada

On Friday morning, Terry Fox, Julie Payette, and Gord Downie were trending on Twitter as the virtual world chimed in on who they thought could be good fits on the new $5.