New Bank Notes to Debut in November


OTTAWA — More news has come about the Bank of Canada’s plan to introduce polymer bank notes, a change that should help business owners worry less about receiving counterfeit money.

“Canada’s new bank notes will have innovative security features that are easy to verify,” said Mark Carney, Governor of the Bank of Canada. “The leading-edge technology in these notes will expand the frontiers of bank note security.”

The bank has announced plans to introduce $100 bills into rotation in November, followed by $50 notes in March 2012 and $20, $10 and $5 notes by the end of 2013. The new bank note series will tout enhanced security and be more economically and environmentally sound as the polymer material that will replace the cotton paper bills is expected to last at least 2.5 times longer.

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