The Bank of Canada issued the last $1 bill in 1989.
The Bank of Canada is expected to ease interest rates next month.
He taught economics for a year and then joined the Bank of Canada in 1963.
Lynch began his career with the Bank of Canada as an economist in 1976.
The Bank of Canada gave its first signal that it would let high interest rates there start to drop.
The Bank of Canada began its own investigation after the disclosures.
These notes can be reimbursed by the Bank of Canada.
"In a way," he said, "they should be telling this to the Bank of Canada."
He served on the board of the Bank of Canada from 1969 to 1963.
In 1972 he joined the Bank of Canada where he spent 22 year.