Kanada keičia popierinius pinigus į plastikinius

[SarasM]

Paying with plastic will take on new meaning this year when the first pieces of plastic currency are introduced in Canada.

Starting in November, the Bank of Canada will begin circulating a $100 bill made from a special polymer to replace the current cotton-paper blend notes.

The new bills will be followed by an updated $50 bill next March, with $20, $10 and $5 bills coming into circulation by the end of 2013.

These new bills will bear a new design and a significantly different feel – slicker and smoother than current bills – but will retain the size and colours currently used for Canadian currency.

The reasoning behind the change is all about combating forgery, with the new notes purported to be considerably more secure than those currently in circulation.

It is the type of change that's essential to keep both consumers and businesses protected. The number of counterfeit bills detected in Canada dropped dramatically after the introduction of holographic strips, from 142,000 in 2007 to just 54,000 last year. That's only a fraction of the 1.52 billion bills currently in circulation, but as technologies advance, so too do the methods of those willing to exploit security vulnerabilities.

By introducing these new bills, the Bank of Canada is staying one step ahead of counterfeiting operations that, in some cases, have been shown to fund other, more serious crimes.

Now if only they would eliminate the penny.

http://finance.sympatico.ca/home/plastic_bills_making_their_way_to_canada_this_november/64b82e9e

[kaniara]

The Bank of Canada unveiled the design of the new $20 banknote on May 2, with the bill slated to begin circulating in November. The current $20 bill has been a counterfeiter's favourite. (Bank of Canada)

[SarasM]

Savam stiliuj, bet man patinka!