Canadian bills to see changes

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OTTAWA -- Canadians will be using newly designed money printed on polymer instead of cotton-based paper bills by next year as part of a plan to modernize the currency and crack down on counterfeiting, Finance Minister Jim Flaherty announced Thursday in the federal budget.

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Hey there, time traveller!
This article was published 05/03/2010 (5776 days ago), so information in it may no longer be current.

OTTAWA — Canadians will be using newly designed money printed on polymer instead of cotton-based paper bills by next year as part of a plan to modernize the currency and crack down on counterfeiting, Finance Minister Jim Flaherty announced Thursday in the federal budget.

The Bank of Canada is anticipating it will start printing the new bills within the next 18 months.

“These new notes will have security features and they will be easy to authenticate,” said Julie Girard, a spokeswoman for the Bank of Canada. “People will know if it’s genuine and (the new banknotes) will be hard to counterfeit.”

Loonie and toonie coins are also slated to undergo changes in their composition to reduce costs at the Royal Canadian Mint.

— Canwest News Service

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