Get Canada's New Polymer Notes - Employee Handbook. Canada's New Polymer Notes - Employee Handbook

As part of the project, Indigenous artists were commissioned to reimagine the $20 bill with the faces of both notable Indigenous women who have made significant contributions to history, as well as inspiring figures from individual artists' communities.

After the death of Elizabeth II, the banknotes with her image will continue to be legal tender. It is undecided whether they will be replaced in circulation with notes bearing an image of her successor Charles III in a future redesign.

Legal tender status as of January 1, 2021 As of January 1, 2021, the $1, $2, $25, $500 and $1,000 bills from every series are no longer legal tender.

Why doesn't the United States covert money to polymer instead of paper? Actually the “paper” used to print money is not normal paper. It is a linen reinforced cellulose product designed to long life and durability. Polymer would be difficult to convert for currency usage.

Canada's notes are made of polymer, a durable plastic specifically made for bank notes. Bank notes include security features like holograms to protect against counterfeiting. Worn or damaged notes are returned to the Bank of Canada to be shredded and recycled.

The new $5, $10, $20, $50 and $100 polymer notes have leading-edge security features that are easy to verify and hard to counterfeit. Polymer notes last at least 2.5 times longer than cotton-paper notes, saving money in processing and replacement costs.

Here's what the new notes will look like: While the Royal Canadian Mint and Bank of Canada have not confirmed whether Canada would be adopting similar designs, the new British banknotes will be ready to enter circulation by mid-2024, the Bank of England says.

Beginning in 2011, the Bank of Canada introduced a new series of polymer banknotes. The $100 note was issued on 14 November 2011; the $50 was issued on 26 March 2012; the $20 banknote was issued on 7 November 2012, and the $10 and $5 denominations were issued on 7 November 2013.