OTTAWA - Canadians will soon be able to start using plastic money for real.The Bank of Canada says it will start circulating new $100 bill made from a special polymer in November, with a $50 note to follow next March.
The more commonly used $20, $10 and $5 notes won't be out until the end of 2013, however.
Canadian bills are currently made from 100 per cent cotton paper.
The central bank says the new bills will have innovative security features that make it easier to detect forgery.
And they will be cheaper because they are expected to last at least 2.5 times longer than paper money.
Friday, March 11, 2011
New era of plastic money to start with $100 bills in November: BoC - Yahoo! News
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