Plastic Bills Canada

June 25, 2011 by staff 

Plastic Bills CanadaPlastic Bills Canada, This week at the Panorama Podcast: Canadian aircraft manufacturer Bombardier got some big orders for its flagship line Cseries Air Paris this week. But it was enough to satisfyanlysts? FP reporter Scott Deveau transport offers his opinion. Also this week: Have you ever put your paper money through the wash by accident? Of course you have. Have you ever thought it was plastic? You are getting your wish. Journalist Sarah Boesveld have to handle new bills of Canada polymer and has all the details waterproof.

The Bank of Canada has taken a step against counterfeiters with a dramatic change in how the country makes their accounts.

In November, Canadians will begin to see the new notes and 100 in circulation. Are the same size and color as the traditional bills, but are made from a single piece of polymer – a film smooth, durable – and have several new security features that make them more difficult to counterfeit.

“We want to be proactive,” said Marc Trudel Bank of Canada. “I do not want to wait until there is a problem of reaction.”

The new $ 100 bill and has spoken with two transparent windows – one in the shape of a maple leaf and a strip running down the ticket – a portrait metallic ink and transparent text lifted, but the biggest difference is how you feel.

Take one and it is immediately apparent that it is not made of regular cotton paper. It is lighter and feels less important, but in reality is more durable and should save money in the country. The new bills are more expensive to produce – 19 cents per ticket compared to 10 cents – but the Bank of Canada expected to remain outstanding 2 1 / 2 times more.

A $ 100 bill and now stays in circulation for seven to nine years, a 5 bill and is circulated through one or two years, said Trudel. At the end of its useful life, the bills based polymers can be recycled. In Australia, who made the change of polymers in the 1990′s, the tickets are recycled into compost bins, plumbing fixtures and other plastic products.

Approximately, 60 million in Canadian currency is circulating today, Trudel said, and that number is growing.

“People are always with cash increasingly” he said.

According to the Bank of Canada, counterfeiting increased from 2001-04, before the introduction of the band holographic and other security features in the bills. Today, fewer than 50 counterfeits per million notes in circulation.

While other countries have already switched to polymer, metal portrait is the first time – taking advantage of new technology – that is key to fighting and staying ahead of counterfeiters, Trudel said.

“They have access to the same technology that police and the Bank of Canada have access.” Said Sgt. Scott Lambie with commercial crimes section of the RCMP “F” Division. “And they’re always looking for new ways to create counterfeit currency.”

In Saskatchewan, the police found 564 counterfeit notes in circulation last year, said Lambie. Covering organized crime for individuals acting alone and operations of varying complexity. Counterfeiting is a huge problem in the province, but it’s something people have to take into account, he said, because it is a loss to individuals and companies. That relies on measures to improve safety will be effective not going to stop people trying to make counterfeit money.

“While there will be money, there will be someone who will treat (counterfeiting),” said Trudel.

The introduction of the new notes and 100 will be followed by a new bill and 50 March 2012. New 10 and 5 and tickets will be introduced in late 2013.

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