bank of canada

This tag is associated with 16 posts

South Africa Circulates Mandela Notes, Canada Circulates New Twenties Next Week

Both South Africa and Canada are getting set to release their latest banknotes next week. The Reserve Bank of South Africa will be introducing an entirely new series of notes spanning five denominations, while the Bank of Canada will be introducing a new $20 note – the third in its new polymer series. The new […]

Bank of Canada Set To Release New $20 Note

The Bank of Canada will continue with its new polymer banknote series by releasing the new $20 bill in less than a month. The new banknote – set for release on November 7 – is the third bill in Canada’s new polymer series. The $50 and $100 bills were released earlier this year. Polymer notes […]

Interior BC Sees Spike In Fake Banknotes

The RCMP British Columbia has asked businesses to be on the lookout for counterfeit banknotes after a recent spike in fake bills hit communities in interior BC this month. According to a report published by the Vernon Morning Star, the RCMP have received 23 complaints of counterfeit currency in communities such as Lake Country, Salmon […]

Banknote Company Hired To Upgrade Ontario Bingo Facilities

The company that helped the Bank of Canada design its latest series of polymer banknotes is undertaking a new project that will see them help the Ontario Lottery and Gaming Corp. (OLG) modernize bingo halls throughout the province. The Canadian Bank Note Co. (CBN) recently signed an eight-year contract with OLG create more up-to-date technology […]

Old Banknote Series Re-Emerges As Fake In NS

The “Scenes of Canada” banknote series hasn’t been printed in over 30 years, but RCMP in Halifax, Nova Scotia say counterfeit bills mimicking the old series have been popping up recently. The counterfeit notes were predominately $50 bills, though counterfeit $20 bills from the old series have also been reported his week. Const. Tammy Lobb […]

Bank Of Canada Unveils New $20 Bill This Week

The Bank of Canada is set to unveil its new $20 bill this week, the third in its series of new polymer banknotes. The new $20 note will feature an updated portrait of Queen Elizabeth II on the front and the Canadian National Vimy Memorial on the back. According to a press release, the design […]

Canadian Government Eliminates Penny

Unveiling their 2012 federal budget yesterday, Canada’s government announced their plans to eliminate the penny from the country’s currency landscape. The government said the one-cent coin costs too much produce and was described as “a burden to the economy” in a pamphlet released on Thursday. According to an article published by the CBC, it costs […]

New $50 Canadian Bills Enter Circulation This Week

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 […]

New Canadian Bills Cost Banks $100M

Canada’s new series of polymer banknotes will cost banks and financial institutions nearly $100 million according to the Bank of Canada. That price tag reflects the modifications that will need to be made to sorting and counting machines that are used across the country to handle money, says Julie Girard, spokeswoman for the Bank of […]

The Globe and Mail Investigates Canada’s Counterfeit History

As more and more Canadians find the new polymer $100 bill in their wallets and in their bank accounts – the Globe and Mail takes a look at the country’s recent history with counterfeiting. The first time counterfeiting hit the radar of the Bank of Canada in major way was in the 1980s. In an […]