Plastic $100 bills here this fall - 20s, 10s to follow

[MTLskyline]

Plastic $100 bills here this fall - 20s, 10s to follow

 

By Josh Rubin | 2011/03/11 06:59:00

 

Australia has introduced dollar polymer notes .

TORSTEN BLACKWOOD/AFP/GETTY IMAGES

 

The Bank of Canada announced details Thursday of its new series of “polymer” bank notes, which will be released beginning later this year.

 

In November, the bank will roll out $100 bills, with a new $50 coming next March, and the rest -- $20, $10 and $5 – in 2013.

 

Given the public moaning and groaning over the introduction of $1 and $2 coins in 1987 and 1996, there might well be some resistance to the new bills, too. But Bank spokesperson Julie Girard points out that the howling about the coins has all but died out.

 

But the Bank doesn’t just want Canadians to get used to the new bills; it wants us to actually like them.

 

“When Canadians see this new series, I think they will be proud,” said Girard, who notes that the old bills will still be legal tender.

 

Plastic bills might sound like an odd idea, but they’ve been around for almost three decades. The first countries to use them were Costa Rica, Haiti and the Isle of Man, in 1983. In 1988, Australia introduced its first plastic money. Since 1996, all of Australia’s bills have been plastic.

 

Security is the main consideration in using the new material, rather than the cotton-based paper used in current bills, Girard says. But she admits there are some pretty hefty savings, too.

 

“This new series has been created with some very robust security features. To get the same features in paper bills, it would cost an extra $200 million over the course of their lifespan,” said Girard.

 

The Bank won’t be releasing any details on what the new bills will look like until later this year; unveiling them now would give counterfeiters a head start, defeating the purpose of having new high-security bills.

 

http://www.moneyville.ca/article/952333--plastic-100-bills-here-this-fall-20s-10s-to-follow?bn=1

[Cyrus]

If it saves money, cool!

 

I have to say I do like the current series but only when its brown!

[MontréalMartin]

''The Bank won’t be releasing any details on what the new bills will look like until later this year; unveiling them now would give counterfeiters a head start, defeating the purpose of having new high-security bills. ''

 

Coudonc? s'ils sont si bon contre la contrefaçon, je vois pas comment le fait de montrer une esquisse pourrait être si dangereux.

[jesseps]

If it is cost savings, I am for it.

Edited March 12, 2011 by jesseps

[OursNoir]

Les nouveaux billets seront aussi légèrement plus mince que les billets actuels, et ne se froisseront pas, donc seront facilement empilable. Fini les "mottons" de billets qui prennent trop de place!

[Cataclaw]

There are only positives from this move.

 

This is good news.

[MontréalMartin]

Quelqu'un sait comment le materiau se comporte une fois passé à la laveuse et la sécheuse? Problème typique actuellement!

J'ai l'impression que ces billets pourront même être nettoyés au besoin. Fini l'argent sale !!!

[Cyrus]

Quelqu'un sait comment le materiau se comporte une fois passé à la laveuse et la sécheuse? Problème typique actuellement!

J'ai l'impression que ces billets pourront même être nettoyés au besoin. Fini l'argent sale !!!

 

Gives new meaning to the term "money laundering"

[Aurélien]

Ils auraient quand même pu trouver une meilleur design que ça, c'est quand même affreux. Mais c'est très subjectif.

 

Édité : Ah non, j'ai rien dit, c'était l'argent australien.

Edited March 14, 2011 by Aurélien

[Malek]

Au mexique ils ont cet argent en plastique et j'ai pas trop apprécié... oui c'est leger, mais ça donne une impression de "cheap" incroyable.