{"id":107669,"date":"2011-06-21T15:48:42","date_gmt":"2011-06-21T10:48:42","guid":{"rendered":"http:\/\/www.epress.am\/?p=107669"},"modified":"2011-06-21T15:48:42","modified_gmt":"2011-06-21T10:48:42","slug":"no-other-currency-like-it-new-plastic-money-coming-to-canada","status":"publish","type":"post","link":"https:\/\/epress.am\/en\/2011\/06\/21\/no-other-currency-like-it-new-plastic-money-coming-to-canada.html","title":{"rendered":"‘No Other Currency Like It’: New Plastic Money Coming to Canada"},"content":{"rendered":"

Starting in November, Canada will replace paper-cotton bills that wear and tear more easily with new polymer bank notes, reports The Canadian Press<\/span><\/strong><\/a>.<\/p>\n

The first bills to go plastic will be the $100 notes. The $50 notes will follow next March. The rest of the plastic money will be in circulation by the end of 2013.<\/p>\n

The polymer bank notes are more durable than paper money. The Bank of Canada expects the new bills to last 2.5 times longer than the paper ones.<\/p>\n

They’re also harder to fake than paper money. Some of the security features built into the new notes include raised ink, hidden numbers and metallic images in see-through windows.<\/p>\n

The bills feel smooth and slightly waxy. They don’t crumple easily, but they do crease when you try, and they don’t seem to tear in half.<\/p>\n

The new $100s look busier than the paper bills. There are now two portraits of prime minister Robert Borden \u2014 a large one on the face of the bill and a smaller, metallic one in the clear band running through the note, above an image of Parliament Hill’s Peace Tower.<\/p>\n

On the other side of the bill, there’s an image of a researcher at a microscope, a strand of DNA and an electrocardiogram. There’s also a bottle of insulin next to the words “medical innovation.”<\/p>\n

The $50 has an image of CCGS Amundsen \u2014 a research icebreaker \u2014 and a map of the North. The designs of the $20, $10 and $5 bills will be unveiled later. The colours of the new bills have not changed.<\/p>\n

The Conservative government announced in its 2010 budget that Canada would be switching to synthetic bills.<\/p>\n

Bank of Canada Governor Mark Carney said the notes are necessary to fight counterfeiting. The number of counterfeit bills in circulation peaked in 2004, but has been steadily declining since.<\/p>\n

“The polymer notes we’re introducing today are unique,” Carney said. “There’s simply no other currency like them.”<\/p>\n

Senior Bank of Canada officials say they’re confident the new notes won’t melt in the dryer or harden in the winter.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bank of Canada Governor Mark Carney said the notes are necessary to fight counterfeiting. The number of counterfeit bills in…<\/p>\n","protected":false},"author":1,"featured_media":107672,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tstyn_error":""},"categories":[10],"tags":[28604,28605,14939,28606,28607],"_links":{"self":[{"href":"https:\/\/epress.am\/en\/wp-json\/wp\/v2\/posts\/107669"}],"collection":[{"href":"https:\/\/epress.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/epress.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/epress.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/epress.am\/en\/wp-json\/wp\/v2\/comments?post=107669"}],"version-history":[{"count":0,"href":"https:\/\/epress.am\/en\/wp-json\/wp\/v2\/posts\/107669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/epress.am\/en\/wp-json\/wp\/v2\/media\/107672"}],"wp:attachment":[{"href":"https:\/\/epress.am\/en\/wp-json\/wp\/v2\/media?parent=107669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/epress.am\/en\/wp-json\/wp\/v2\/categories?post=107669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/epress.am\/en\/wp-json\/wp\/v2\/tags?post=107669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}