Canada Launches Polymer $5, $10|
November 25, 2013
The Bank of Canada released new $5 and $10 polymer bank notes into circulation on Nov. 7. The two notes are the last denominations in the switch to polymer, the $100, $50 and $20 having been released in 2011 and 2012. The new notes are part of a “Frontiers” series and are available at financial institutions across Canada.
Featured on the back of the $5 note is the robotic Canadarm2 and Dextre on the International Space Station, “symbolizes Canada’s continuing contribution to the international space station program through robotics innovation.”
On the $10, a Via Rail train journeys through the Rocky Mountains, said to represent “Canada’s great engineering feat of linking its eastern and western frontiers by what was, at the time, the longest railway ever built.”
The face of the $5 portrays past Canadian Prime Minister Wilfrid Laurier. The $10 has John A. Macdonald, the first Canadian prime minister.
Bank of Canada Gov. Stephen S. Poloz launched the $5 note on Nov. 7 at the Canadian Space Agency in Saint-Hubert, Quebec. He was joined by Chris Hadfield, retired Canadian astronaut and former Commander of the International Space Station. The $10 note was launched at an event held simultaneously at Vancouver’s train station by Senior Deputy Gov. Tiff Macklem and VIA Rail Canada President and Chief Executive Officer Marc Laliberté.
“With the introduction of the $5 and $10, we complete the rollout of a series that is at the frontier of bank note technology and sets a global benchmark for bank note security,” said Poloz. “These leading-edge notes are not only hard to counterfeit, but they are also designed to be easy to check. All five denominations in the Frontiers series carry the same security features that help Canadians verify them with ease and ensure that counterfeiting levels in Canada remain very low.”
This is first time since the 1954 series that the Bank of Canada has issued two notes on same day.
“Not only are these notes safer, they are also cheaper and greener than the previous series,” said Macklem. “They last longer than paper notes, which will save millions of dollars, since fewer polymer notes will have to be printed. Fewer notes produced means fewer notes transported and this means a reduced impact on the Canadian environment. Plus, polymer notes will be recycled.”
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