Canada joins plastic money club
Money. Besides issues like inflation and fluctuating exchange rates, it costs something just to print and replace all those circulating bills. Today’s the day Canada unveils a plastic $100 bill, with other denominations to follow.
Apparently, this is not new. As the Huffington Post Canada and CP report (with photos) Mexico and Australia have had polymer bills for a few years now.
Besides expectations the new bills will last two-and-a-half times longer, the design is also chock-full of fancy anti-counterfeiting features. (Some of the features produced surprises in focus group reactions.)
The $50 polymer note is scheduled for next March. Release of ‘plastic’ bills in all denominations is expected by the end of 2013.
P.S. here’s more promotional information from the issuing Bank of Canada
Tags: canada, plastic money, polymer $100 bill
Plastic replaces a wood product in Canada??? Will the proud maple leaf be replaced by a blob of oil from the tar sands? Hope not.