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The Bank of Canada Issues New $100 Bank Notes OTTAWA

FOR IMMEDIATE RELEASE 17 March 2004                      CONTACT: Annie Portelance (613) 782-8782

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The Bank of Canada today officially put into circulation Canada's new $100 bank notes. The new notes will be distributed and become available across the country over the next two weeks.

"The new $100 note incorporates state-of-the-art security features designed to combat counterfeiting," said Bank of Canada Governor David Dodge.

There are four new security features that protect the $100 bank note against counterfeiting: a metallic holographic stripe, a watermarked portrait, a windowed colour-shifting thread, and a see-through number. The note also incorporates enhanced versions of security features with which Canadians are already familiar, such as raised ink (intaglio), fine-line printing, and improved fluorescence under ultraviolet lighting. To help blind and vision-impaired individuals identify the new $100 bank note, it has a tactile feature (raised dots) and large, high-contrast numerals.

Since the unveiling of the new $100 note at a ceremony in Halifax on 28 January 2004, the Bank of Canada has been working with law-enforcement agencies, financial institutions, and the retail and hospitality industries to train their employees on the note's security features.

"Everyone has a part to play in protecting our country's bank notes," said Paul Marsh, Staff Sergeant of the RCMP. "Together, we can fight counterfeiting. Bank notes have security features that are reliable and easy to use. It's good business practice to check your notes when you receive themójust as you count your change. By checking your notes, you protect yourself and eliminate opportunities for counterfeiters."

Retail Council of Canada President and CEO Diane J. Brisebois welcomed the new $100 bank note and its enhanced features. "Retailers and their customers have a major stake in the trustworthiness of our currency," she said. "We are delighted the new $100 bill is harder to counterfeit and contains easy ways of verifying its validity. We will continue to work closely with the Bank of Canada to help retailers train their staff on how to quickly check a bank note."

The Bank of Canada plans to complete the introduction of the new Canadian Journey series later this year when it issues the two remaining high-denomination bank notes ($20 and $50). All bank notes from all previous series remain legal tender.

For more information on Canadian bank notes and the new security features of the $100 note.

 

$5 2002 TEST NOTE Prefix *JHS*

Apr-17-03 21:09:03 EDT

The following is taken from an eBay auction. At this time, I cannot confirm, nor deny this "story". I do know that a JHS note was presented at the last Torex as a test note, but I do not know it's fate.

"This note was recently purchased from a Toronto newspaper reporter who did a story about the new $5 bank notes in early March 2002 just before they were officially released. He and a number of other reporters were each allowed to purchase one note at face value from a Bank of Canada official for their stories; however, this reporter was a bank note collector, and he noticed that all but one of the notes had the prefix *ANV*, while one note had the prefix *JHS*. He (wisely) bought the JHS note and has held it in his personal collection until a few weeks ago. It has been perfectly cared for and remains in pristine crisp uncirculated condition. As the first letter in the prefix is the denomination letter, some debate probably took place at the Bank of Canada as to whether the new series $5 note (lowest denomination) would start at *A*, as was finally adopted, or at a letter taking into account the existing old design notes. At least a small number of notes must be presumed to have been printed with the JHS serial number, although this is the first note known in private hands. [not quite true, but close enough]

The JHS serial number is also slightly different from the regular *AN* and *AO* notes that have been issued in that the size of the numbers starts slightly smaller on the left and increases slightly for each digit. This is used by some countries as a security feature on their bank notes, and was obviously being experimented with by the Bank of Canada; however, the regular issue notes do not have this security feature.

This note is much rarer than the $5 1986 Crow-Bouey EPW, and on par with the $2 1986 Thiessen-Crow AUG note. As no other notes with this prefix have surfaced in over a year since their issue, it is unlikely that any ever will. This may be a one-time opportunity to ever acquire this extremely rare and possibly unique note."

 

BEI - New Paper Mix - OFFICIAL

Feb 11th, 2003, 1:21pm
Just received word from the Bank of Canada about the paper composition and it's OFFICIAL:

This is in response to your inquiry in which you asked if the Bank of Canada has improved the durability of the $10 Canadian Journey note.

Yes, changes were made to improve the tactility and durability of the new note, both of which contribute to increasing the effectiveness of bank notes in circulation, and to making bank note authentication easier for the public and cash handlers.

The Bank has increased the amount of ink and embossing in certain parts of the note (such as the large numeral) to improve the tactility, and has developed a new paper formulation to improve its durability.

The Bank of Canada continually tests and monitors the performance of Canadian bank notes in circulation with a view to ensuring their security and integrity. Whenever practical and appropriate, the Bank takes the opportunity to improve its bank notes in order to provide Canadians with currency which is secure and robust enough for today's circulation environment.

 

Why plastic money is gaining currency.
Canada studying plan to replace paper bills with sturdier polymer.

For more on Polymer Notes, see www.polymernotes.com
Jennifer Campbell
The Ottawa Citizen
Thursday, April 11, 2002

Canadians who think the new $5 bill is funny-looking had better brace themselves for what may be coming.

The Bank of Canada is considering changing the feel as well as the look of the remaining bills in the new series, by making them out of a slick, waxy composite known as polymer, instead of paper. "Polymer bank notes are something we're looking at and something we're considering," said Joe Basile, a spokesman for the Bank of Canada. "It's an option that's available to us."

The bank printed the recently released fives on Canada's traditional, cotton-based paper, but when it comes to the $20s, $50s and $100s, the powers-that-be haven't decided what materials to use. Australia uses polymer payables, and the experience Down Under shows the bills last longer, are harder to copy and cause 38-per-cent fewer jams in automated teller machines.

The country produces and exports the creaseless cash to countries all over the world, and Note Printing Australia, a wholly owned subsidiary of the Reserve Bank of Australia, has been aggressively exporting its message that polymer is more. Its list of clients includes such countries as New Zealand, Indonesia, Malaysia, Brunei, Singapore, Sri Lanka, Thailand, Kuwait and Romania. And it recently made its first North American deal by persuading the government of Mexico to get on board. While the Aussies were first to develop the technology back in 1988, the idea of converting in Canada wouldn't require a huge technological leap, or even a contract to the Aussies. Indeed, the Canadian Bank Note Company, which prints all of Canada's currency, recently produced polymer bank notes for Northern Ireland.

While it's not known where the printer got the material to produce the plastic Irish cash, more than one Canadian company is working on developing polymer products for money making. Domtar Inc. actually received federal funding for research, and DuraNote, an Oakville-based company, is also looking into it. Neither is ready for market, though, Mr. Basile said.

If Canada does start making plasticky money in the Australian tradition, consumers won't find it feels entirely different from what they use now. The $5 bill from Down Under is slightly smaller than a Canadian bill, but it's no thicker -- imagine a Canadian fiver wearing a very thin, high-tech protective raincoat. Firmer than a grocery bag and less rigid than a frosted plastic shopping bag, it feels slightly more slippery and waxy to the touch than the paper money Canada's been issuing for more than 150 years.

But unlike the paper bills, those produced by Note Printing Australia resist moisture, water, sweat, oil and "other contaminants," and the company claims they're also more hygienic because they don't absorb liquid and therefore don't carry as much bacteria as paper money. While they feel slightly smoother, the bills boast more security features, some of which have limited texture. In one lower corner, there's a clear plastic swirl that's extremely hard to replicate.

The difficulty of copying such bills has been their real selling point on the international market. And, given Canada's $100-bill debacle last year, it's not surprising the material's being considered. In the U.S., there's an average of 150 fakes per million $100 bills. In Australia, the number is three per million. By comparison, in 2001, Canadian authorities found 46,652 fake $100s -- that's 291 bills per million in circulation.

Though Mr. Basile was quick to say that last year's number was high thanks to a large $100-bill counterfeiting operation in Windsor, the Australian rate is still desirable. Besides the enhanced security, polymer bills have proven to be longer-lasting -- especially in countries where humidity contributes to paper bill deterioration. The Australian polymer fives have a lifespan of three years and four months, compared to six months for Australia's paper notes. Canada's climate is more bill-friendly, but our $5 and $10 bills -- which have a life-span of two years -- could still gain some time. The life-span increases with the value of the bill. On average, a $20 bill lasts five years, a $50 lasts eight years and a $100 lasts 10 years.

While the longer life-span has some environmental merit, the company says its discarded notes also needn't be buried or burned. They can be recycled into plastic plumbing fittings and other household items. But best of all? When you go surfing, you can leave them in your bathing trunks, mate.

© Copyright 2002 The Ottawa Citizen