Hey there, time traveller!
This article was published 20/9/2011 (2077 days ago), so information in it may no longer be current.
Canada’s new plastic money is coming!
If you’re like me and tend not to carry very many $100s or $50s you might not see them for awhile. The $100 polymer bill will be the first one released, coming out in November. The $50 bill will next, arriving in March 2012. But the $20, $10 and $5 polymer bills will all come into circulation by the end of 2013.
Plastic money will last 2.5 times longer than the current cotton bills in circulation so while they cost more to make, they actually will be $200 million cheaper in the long run and better for the environment, says the Bank of Canada.
They are also supposed to be harder to counterfeit.
Don’t worry about losing our monopoly-money reputation with Americans because the new bills will retain similar colours to the existing bills. So that $5 bill will stay blue and the $20s will still be green. They will also retain features to help visually-impaired people determine the denomination at hand.
The Bank of Canada has created a series of web videos about the whole process of making the new money. They’re not exactly Academy Award-winning material but if you’re interested at all in how our money is made, they have some interesting facts. The videos kind of remind me of the segments on kids’ shows I used to watch where Mr. Rogers or Mr. Dress Up or someone would take us behind the scenes in a factory to show us how bread is made or where socks come from.
-- Mia Rabson / The Capital Chronicles