Paperless $20 Bill Almost Impossible To Copy Canada
Paperless $20 Bill Almost Impossible To Copy Canada, Counterfeiters beware: the Bank of Canada has unveiled a new version of the $20 bill that it says is almost impossible to copy.
The new polymer bank note features an updated design of Queen Elizabeth II and Canada’s National Vimy Memorial and incorporates the latest in anti-counterfeiting technology.
“The Bank’s goal is to maintain Canadians’ confidence in our money as a secure means of payment,” said Bank of Canada governor Mark Carney in a statement. “This new $20 note fits the bill.”
Close to $10 million in counterfeit money is seized by the RCMP each year.
The $20 note is the most circulated and most counterfeited denomination in Canada, according to the Bank of Canada and the RCMP.
The new paperless, plasticized bills are part of a total currency redesign announced by the country’s central bank in 2011.
The new $20 bills will begin circulating in November, joining polymer versions of the redesigned $100 and $50 bills already in use.
New versions of the $10 and $5 will follow by the end of 2013.
The new bills include a transparent section, a holographic stripe, and other security features that are designed to make duplicating the notes a nightmare for criminals.
The new polymer notes are supposed to last two and a half times longer than paper money.
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