Zev Porat

Showing posts with label candian anthem. Show all posts
Showing posts with label candian anthem. Show all posts

Sunday, October 9, 2011

Canadian Money going Polymer

The look and feel of Canadian Money is changing. Starting mid-November 2011, the Bank of Canada will introduce polymer-based bank notes into circulation beginning with the $100 bill. The new $50 bill will be introduced in March 2012 and the remaining denominations will be issued by the end of 2013.

Polymer bank notes are printed on a smooth, durable film. There are over 30 countries that currently print some or all of their denominations on polymer, including Australia, Mexico, and Romania.

Canada's new polymer bank notes are:

Secure: Their leading-edge security features are easy to verify and hard to counterfeit.
Durable: They are expected to last at least 2.5 times longer in circulation before wearing out and needing to be replaced. As a result, fewer notes will be printed in future years.
Innovative: The notes will be the most advanced ever issued in Canada and among the most secure in the world.
Better for the environment: Polymer notes will have a lower impact on the environment than notes in a cotton-paper-based series and will be recycled.