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Canada Introduces Plastic Money to Complement Its Loonie Currency

Illustration for article titled Canada Introduces Plastic Money to Complement Its Loonie Currency

Canada's battle against paper money dates back to 1987 with the introduction of the $1 "Loonie" coin. Now, the Canadian government is doing the same to larger denominations—replacing conventional cash with counterfeit-proof polymer bills.

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The new bills are constructed from a polymer blend that reportedly lasts more than twice as long as cotton-paper currency, as well as be melt- and freeze-proof. These are handy when subjected to harsh Canadian winters as well as washer/drier combos. The texture of these notes are also reportedly quite different than that of traditional money. The new bills include a number of security features such as raised print, metallic ink portraits, transparent and hidden text—even a see-through "window" in the bill.

The new currency will be initially appear on the $100 denomination later this week with $50 bills being rolled out in March of next year. $20's, $10's and $5's will be phased in late in 2013. [Bank of Canada via The Consumerist]

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DISCUSSION

Yes, the harsh winters of Canada - no where else do they have snow, sleet and freezing temperatures except here.

Man, when will Canadians find something else to define ourselves by, other than fucking hockey, TIm Horton's and Molson Canadian beer?