Related articles ~ 2010~ More in depth information @ Link ~ Canadian currency will become plastic and have new security features next year ... May 27, 2011
Raising the Curtain on Canada's New Polymer Notes
OTTAWA - Canada's new polymer bank notes will soon be unveiled said a recent report from the Bank of Canada.
The innovative new notes will boast updated designs and security features. The Bank of Canada is responsible for supplying Canadians with bank notes that they can use with confidence and our new polymer notes will be both easy to check and hard to counterfeit.
The $100 and $50 notes will be unveiled on the same day, but the issue dates will be spread out.
The $100 will be issued this November and the $50 in March 2012.
The remaining denominations—the $20, followed by the $10 and $5 notes—will be issued by the end of 2013.
The idea behind unveiling a note months in advance of the issue date is to give Canadians time to get familiar with the note's appearance and security features. This way you'll be better prepared for your first encounter with a polymer note.
The Bank of Canada is working closely with financial institutions and manufacturers of cash handling equipment to support a smooth transition to polymer. Equipment may need adjustments during the changeover, as is the case with the introduction of every new series.
Law-enforcement agencies and retailers are also important partners as the Bank gears up to introduce a new series. While one set of presses is rolling with polymer notes, others are rolling with new educational materials. Some are aimed at cash handlers and others have been customized for police.
There will also be a variety of video products for those who'd rather press "Play" than read a leaflet. All will be available in the coming months, indicated the report.
OTTAWA - Canada's new polymer bank notes will soon be unveiled said a recent report from the Bank of Canada.
The innovative new notes will boast updated designs and security features. The Bank of Canada is responsible for supplying Canadians with bank notes that they can use with confidence and our new polymer notes will be both easy to check and hard to counterfeit.
The $100 and $50 notes will be unveiled on the same day, but the issue dates will be spread out.
The $100 will be issued this November and the $50 in March 2012.
The remaining denominations—the $20, followed by the $10 and $5 notes—will be issued by the end of 2013.
The idea behind unveiling a note months in advance of the issue date is to give Canadians time to get familiar with the note's appearance and security features. This way you'll be better prepared for your first encounter with a polymer note.
The Bank of Canada is working closely with financial institutions and manufacturers of cash handling equipment to support a smooth transition to polymer. Equipment may need adjustments during the changeover, as is the case with the introduction of every new series.
Law-enforcement agencies and retailers are also important partners as the Bank gears up to introduce a new series. While one set of presses is rolling with polymer notes, others are rolling with new educational materials. Some are aimed at cash handlers and others have been customized for police.
There will also be a variety of video products for those who'd rather press "Play" than read a leaflet. All will be available in the coming months, indicated the report.
