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Canada’s New $5 and $10 Polymer Notes Coming

Bank of Canada revealed the new $5 and $10 polymer bank notes that will go into circulation in November 2013.

The bank says the polymer notes last two-and-a-half times longer than the old, cotton-paper bills that are slowly being removed from circulation.

These new notes join the already $100, $50 and $20 notes that have been in circulation for approximately 1 year. The bank claims that fraud has been significantly reduced with the introduction of these new polymer based notes.

canada-5-bill-frontImproving the authenticity and confidence of Canada’s monetary bills is in everyone’s best interest. Signs that used to clutter cash register areas that indicated retailers refusal to take $100 bill notes should be all but removed by now.