The Bank of Canada will begin circulating its new $50 polymer banknote this week.
The bill is the second in a series of new banknotes the Bank of Canada will introduce over the next two years. The first note, the $100 denomination, was released in November 2011.
The new Canadian banknotes feature security devices such as raised ink, a large transparent window that also contains a colour-shifting metallic portrait, hidden numbers in the transparent window that match the note’s denomination, transparent text, a frosted maple leaf window that also contains hidden numbers, among others.
The new banknotes are also newly designed.
This new $50 notes feature the Canadian Coast Guard ship “Amundsen” – a ship that “has been a major catalyst in the revitalization of Canadian Arctic science by providing Canadian researchers and their international collaborators with the platform and the tools to facilitate unprecedented access to the Arctic Ocean,” according to a website dedicated to the ship.
In line with this design, a ceremony to officially issue the new $50 banknote will be held at the Canadian Coast Guard’s Quebec port facility. The event will host speakers such as Mark Carney, Governor of the Bank of Canada, Shelly Glover, Parliamentary Secretary to the Minister of Finance, Marc Grégoire, Commissioner of the Canadian Coast Guard, and Louis Fortier, Scientific Director of ArcticNet.
Though the Bank of Canada has not set precise release dates for the rest of the denominations in the new series – the $5, $10, and $20 notes – it did say in a press release this week that that information would be forthcoming.
“The $20 note will be unveiled and issued later this year, with the remaining denominations to be unveiled and issued by the end of 2013,” the release said. “Further details regarding timelines for the unveiling and issuance of these notes will be made available in the coming months.”
MarketWatch: “Bank of Canada To Begin Circulating New $50 Polymer Banknote”
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