Most people who say they'll pay for something with plastic mean they're about to pull out a credit card and up their balance, but starting this spring, Canadians can say it and mean something entirely different.
Starting with $100 bills, the Bank of Canada will incorporate a special plastic polymer into all of Canada’s bills by 2013. To facilitate the transition from the current cotton-paper blend, several months before the new notes appear in circulation, designs will be released so the public can learn to recognize them. We Canadians will get our first peek at the $100 and $50 bill designs in Spring 2011.
The circulation of $100. bills will begin in November, the $50 note will follow by March 2012 and by 2013 there will be $20, $10, and $5 polymer bills all making their way into Canadians' pockets.
The new bank notes are meant to focus on security and, most importantly, counterfeiting prevention, but more than that, the new notes will create less environmental impact than the cotton-paper blend. The polymer bills are expected to last at least two to three years longer than the current Canuck currency.
I'm quite sure those who decry environmentalism as a global conspiracy out to grab global power will throw up their hands in horror at this evidence that the Canadian government is actually a bunch of Snidely types, all using one arm to drape their capes across their lower faces while they curl their long moustache ends around a finger and chortle maniacally, but what the hell - those of us who have an active intellect and genuinely care about the seventh generation welcome any such move.
Bank of Canada, we salute you!
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