Show News June 21, 2011
Canada Introduces New "Plastic" Money

Finally, money you can launder - ya know, the legal way. In November, The Bank of Canada will be sending out its first batch of polymer bills - starting with $100 bills.

They'll be the same colour as our current bills. But the new ones will be smooth and feel like plastic, with see-through windows. They won't tear easily, and will last much longer than the paper currency we use now. And if you accidently leave it in the cold or run it through the washer/dryer, it won't get damaged.

On top of that, the new bills are cheaper to produce, are better for the environment, and are loaded with even more security features to stop counterfeiting. In 2004, more than half a million counterfeit bills were passed. Last year, that number was down to around 54,000, thanks to improved security features.

It took about five years to develop the bills. Once they're in circulation, bank machines will have to be adapted to handle the new material.

The new $100 bill is set to celebrate Canadian medical innovation, and will depict a woman looking into a microscope to represent breakthroughs in diabetes research, mapping DNA, and heart health.

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