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Is C$ a Canadian currency?

The World Bank, Editing Canadian English and The Canadian Style guide all indicate " Can$ ". " C$ " is the symbol for the Nicaraguan córdoba, and as such is discouraged by The Canadian Style guide. Editing Canadian English also indicates "CDN$"; both style guides note the ISO code.

What is the exchange rate for Canadian dollars?

Since the late 2000s, the Canadian dollar has been valued at levels comparable to the years before its swift rise in 2007. For most of the 2010s, the exchange rate of Canadian to US dollars was approximately US$0.70 to Can$1.00. S/. A number of central banks (and commercial banks) keep Canadian dollars as a reserve currency.

Why is the Canadian dollar popular with central banks?

The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian government's strong sovereign position, and the stability of the country's legal and political systems.

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