The issue of independence and accountability also turns on the nature of the relationship between the government and the legislature as the political authorities on the one hand and the central bank on the other. At the same colloquium mentioned above, Monsieur Jean-Claude Trichet, Governor of the Banque de France, observed that: “respecting independence does not mean a lack of dialogue, on the contrary.
The new $ polymer bank note – which begins today to make its way into banks, stores, and wallets across the country – features the Canadian National Vimy Memorial. It is altogether fitting that this bank note – the most widely used denomination – would remind Canadians of the Battle of Vimy Ridge, which was so pivotal in our history.