Awoke
14th March 2011, 06:31 AM
Bank of Canada replacing paper bank notes with polymer bank notes
Published on: 3/10/2011 1:43:10 PM ET
The Bank of Canada is replacing paper bank notes with polymer bank notes starting in late 2011.
According to the Bank of Canada, the new polymer $100 notes will be available starting in November 2011, and $50 notes starting in March 2012. These new notes are more secure and more durable than the current paper notes.
The remaining denominations—the $20, followed by the $10, and $5 notes—will be unveiled and issued by the end of 2013.
Canadians/banking clients will get to see the images/design of the new $100 and $50 notes in Spring 2011 once the Bank of Canada’s public campaign begins. As part of its public campaign, the Bank will re-vamp its bank notes website, offer new education materials, and plan various media events across the country.
The new notes will be the same colour and size as the current notes in circulation
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.
The Bank of Canada is planning to remove older series paper notes from circulation as quickly as possible. However all notes from older series will maintain their face value.
Published on: 3/10/2011 1:43:10 PM ET
The Bank of Canada is replacing paper bank notes with polymer bank notes starting in late 2011.
According to the Bank of Canada, the new polymer $100 notes will be available starting in November 2011, and $50 notes starting in March 2012. These new notes are more secure and more durable than the current paper notes.
The remaining denominations—the $20, followed by the $10, and $5 notes—will be unveiled and issued by the end of 2013.
Canadians/banking clients will get to see the images/design of the new $100 and $50 notes in Spring 2011 once the Bank of Canada’s public campaign begins. As part of its public campaign, the Bank will re-vamp its bank notes website, offer new education materials, and plan various media events across the country.
The new notes will be the same colour and size as the current notes in circulation
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.
The Bank of Canada is planning to remove older series paper notes from circulation as quickly as possible. However all notes from older series will maintain their face value.