Pretty soon, you won't be using paper money in Canada. Bank of Canada announced yesterday that starting in 2011, it will begin to issue a new series of bank notes printed on a polymer material. The new notes will incorporate security features that will "significantly increase their protection against counterfeiting." In addition, the plastic notes will last longer than the cotton paper currently in use, "resulting in lower overall production costs and reduced environmental impact." Other countries have been using polymer banknotes for years, including Australia and New Zealand. When will we see polymer dollars and euros?
Plastic banknotes coming to Canada
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