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Intaglio printing Watermarks Security thread See-through register Special foil/special foil elements Iridescent stripe / shifting colors. Our banknotes are printed on 80% cotton 20% cellulose paper which differs substantially from normal paper.
By using a special printing technique, several picture elements on the front of the banknote are identifiable by touch. The guidelines on detecting counterfeit currency give a comparison of genuine and falsified security features.
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Intaglio printing Watermarks Security thread See-through register Special foil/special foil elements Iridescent stripe / shifting colors.
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Banknotes of the Canadian dollar are the banknotes or bills (in common lexicon) of Canada, denominated in Canadian dollars (CAD, C$, or $ locally). Currently, they are issued in $5, $10, $20, $50, and $100 denominations. All current notes are issued by the Bank of Canada, which released its first series of notes in 1935.
The Bank of Canada has contracted the Canadian Bank Note Company to produce the Canadian notes since then. The current series of polymer banknotes were introduced into circulation between November 2011 and November 2013.
Buy Fake Canadian Dollars: Banknotes issued in Canada can be viewed at the Bank of Canada Museum in Ottawa.
The first paper money issued in Canada denominated in dollars were British Army notes, issued between 1813 and 1815 in denominations between $1 and $400. These were emergency issues due to the War of 1812. The first banknotes were issued in 1817 by the Montreal Bank.
Large numbers of chartered banks were founded in the 1830s, 1850s, 1860s and 1870s, although many issued paper money for only a short time. Others, including the Montreal Bank (later called the Bank of Montreal), issued notes for several decades.
Until 1858, many notes were issued denominated in both shillings/pounds and dollars (5 shillings = $1 therefore 1 pound = $4). A large number of different denominations were issued, including $1, $2, $3, $4, $5, $10, $20, $25, $40, $50, $100, $500, $750 and $1000.
After 1858, only dollar denominations were used. The Bank Act of 1871 limited the smallest denomination the chartered banks could issue to $4, increased to $5 in 1880.
To facilitate purchases below $5 without using Dominion notes, some charted banks issued notes in unusually domesticated denominations, such as the $6 and $7 notes issued by the Molsons Bank in 1871.
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Efforts to reduce counterfeiting in recent years have sharply reduced the number of counterfeit notes in circulation. The number of counterfeit notes passed annually in Canada peaked in 2004, when 553,000 counterfeit notes were passed.
Counterfeiting has decreased annually since that peak, with only 53,536 notes passed in 2010. The new Frontier series of banknotes significantly improves security primarily by using a polymer substrate to make up the note instead of the previously used fabric.
Even as Canada’s counterfeiting problem escalated, the shift to polymer was viewed as too expensive. A polymer note costs 19 cents to produce, compared to 9 cents for a typical cotton-paper note.
All older cotton-paper banknotes prior to the 2013 polymer series are now considered unfit for circulation due to their lacking of modern security features, such as a metallic stripe.
Financial institutions must return the banknotes to the Bank of Canada, which will destroy them. Individuals may keep the banknotes indefinitely.
Counterfeit Canadian Bills: Counterfeiting is measured using a system borrowed from chemistry known as parts per million (PPM). Normally used to judge the potency of molecules in a solution, PPM in the counterfeit sense refers to the number of fake banknotes found in circulation for every one million genuine notes.
In 1990, Canada’s counterfeit ratio was just 4 PPM, ranking its currency among the most secure in the world. By the late 1990s, the rise of powerful and affordable home computers, store-bought graphics software, easy-to-use scanners and colour ink-jet printers were breeding a new generation of counterfeiters.
The number of fake Canadian bills rose as high as 117 PPM by 1997. In 2004 Canada’s counterfeit rate had ballooned to 470 PPM. In 2012, the counterfeiting rate had fallen to its lowest point, at 28 PPM.
It has since started modestly rising to 36 PPM in 2014. The Bank of Canada’s medium-term planning target is to stay below 30 PPM. Most G20 nations used 50 PPM as their benchmark to stay below. In 1986 the Bank of Canada introduced new banknotes called the Birds of Canada series.
The design on the back of each note features a bird indigenous to Canada with a background representing the typical landscape for that bird. The portraits on the front of the note were made larger than those of previous series, and a metallic patch was introduced on the larger notes. Each banknote weighs 1 gram (0.035 oz).
Counterfeit Canadian Bills: This series was the first to include a bar code with the serial number. This allows the visually impaired to distinguish notes with the use of a hand-held device that tells the note’s denomination.
This was also the last series that the $2 and $1,000 notes were issued. The $2 note was withdrawn in 1996 and replaced by the $2 coin, known as the toonie. The $1,000 note was withdrawn by the Bank of Canada on 12 May 2000, at the request of the Royal Canadian Mounted Police (RCMP) as part of a program to reduce organized crime.
Buy Fake Canadian Dollars: At the time, 2,827,702 of the $1000 bills were in circulation; by 2011, fewer than 1 million were in circulation, most held by organized crime.