Canadian Currency Transitioning to Plastic in November

By Tyler Sutherland

Sample of a $100 polymer bank note (BANK OF CANADA)

The Bank of Canada plans to begin circulating new $100 bills made from polymer in November.

The new plastic currency is meant to be more durable than paper, cost less to produce and harder to counterfeit.

A new $50 note will follow in March 2012, with $20, $10 and $5 notes expected to be issued by the end of 2013.

Further details on the new security features of the notes, including features, themes and designs will be unveiled this spring.

The new bills are said to last 2.5 times longer than current cotton paper-made notes.

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