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This is the second in a series of semi-annual reports designed to increase the transparency and understanding of Canadian monetary policy.

Cover page

Mauritius, 10 rupees, 1971

Slightly smaller than a Canadian silver dollar and struck in copper-nickel, the coin shown on the cover is part of of the National Currency Collection of the Bank of Canada.

Photography by James Zagon.

Cover page

France: 1,000 francs, 1944

The 1,000 franc note is part of the National Currency Collection, Bank of Canada.

Photography by James Zagon.

This is the first in a series of semi-annual reports by the Bank of Canada on Canadian monetary policy.

Cover page Canada: sovereign die, 1908 The die is part of the National Currency Collection, Bank of Canada. Photography by James Zagon.

Cover page

Canada: The Phenix Bank, one dollar, 1837

This one-dollar note is part of the National Currency Collection, Bank of Canada.

Photography by James Zagon.

Cover page

Roman Republic: Denarius, 108–107 BC

To the left of the figure is the name of the moneyer M. Herenni (Marcus Herennius), and to the right is the control mark, a horizontal P and dot. About the size of a 10-cent piece, this denarius is part of the National Currency Collection, Bank of Canada.

Photography by James Zagon.