What is a Loonie?
A loonie is the Canadian one-dollar coin, which is made of nickel and copper and features a picture of a common loon, a bird native to Canada, on one side. The loonie was first introduced in 1987 and is now one of the most recognizable coins in the world.
History of the Loonie
The loonie was first introduced in 1987, replacing the Canadian one-dollar bill. The coin was designed by Robert-Ralph Carmichael, a Canadian artist, and features a common loon, a bird native to Canada, on one side. The reverse side of the coin features a design of a maple leaf.
The loonie quickly became a popular coin, and its name is derived from the loon featured on the coin. The loonie has become a symbol of Canada and is often used in popular culture to represent the country.
Comparison of the Loonie and Other Currencies
| Currency | Value |
|---|---|
| Canadian Dollar (CAD) | 1.00 |
| US Dollar (USD) | 0.76 |
| Euro (EUR) | 0.67 |
| British Pound (GBP) | 0.60 |
Summary
The loonie is the Canadian one-dollar coin, which was first introduced in 1987 and is now one of the most recognizable coins in the world. The coin was designed by Robert-Ralph Carmichael and features a common loon, a bird native to Canada, on one side. The loonie has become a symbol of Canada and is often used in popular culture to represent the country. For more information about the loonie, you can visit the Bank of Canada website.
See Also
- Canadian Dollar (CAD)
- US Dollar (USD)
- Euro (EUR)
- British Pound (GBP)
- Exchange Rate
- Currency Conversion
- Coinage
- Monetary Policy
- Inflation
- Deflation
