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.
Improving 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.