The 1974 Canadian 2 Dollar Banknote is in Terra Cotta color.
The main characteristic of the new design was the use of multicoloured tints beneath the dominant colour. This series was often dubbed the "multicoloured series". With the exception of the $1 note, the use of black ink was abandoned. Furthermore, the words "this note is legal tender" replaced the phrase "will pay to the bearer on demand," reflecting the fact that Canada's currency had long ceased to be redeemable in gold. The $1,000 denomination was not included in this issue.
Unlike previous series, the 1969-79 series did not have the same date of issue for all denominations, but rather the year in which the printing plate was produced.
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