New $5’s and $10’s Start Circulating Later Today
Thursday, November 7, 2013 @ 3:58 AM
Prince George, B.C. – The new $5 and $10 dollar bills will be officially launched into circulation today, with ceremonies at two different locations.
The $10 bill, will be introduced in Vancouver, at the Vancouver train station. The bill celebrates the construction of the rail line that linked east to west. Marc Laliberté, President and CEO of VIA Rail Canada will be joining Senior Deputy Governor Tiff Macklem to speak at the event.
Meantime, the $5 dollar bill, which celebrates Canada’s robotics innovations such as the Canadarm2 and Dextre, (which are featured on the back of the bill) will be launched at a ceremony at the Canadian Space Agency in Quebec. Joining Bank of Canada Governor Stephen S. Poloz to speak at the event will be Chris Hadfield, retired Canadian astronaut and former Commander of the International Space Station.
The $5 and $10 dollar bills are the final two notes to be launched in the new Polymer series. The Bank of Canada issued the $100 bank note in November 2011, followed by the $50 note in March 2012 and the $20 note in November 2012.
As is the case with the previously released notes, the new bills will have a number of security features.
250News will post images of the new bills when they are released.
Comments
There was also a preview from space of the bill back in April
http://www.huffingtonpost.ca/2013/04/30/new-plastic-5-10-bills-canada_n_3186674.html
Not just because I’m against change, but I really do not like the new plastic money. Many of the tellers and cashiers I talk to aren’t that thrilled with it either.
They worry about ‘enhanced security features’ on the bills themselves, but who amongst them gives any consideration to the fact that each year those bills BUY LESS than they did the year before? Where’s the ‘enhanced security’ of our money as that ‘store of value’ that economists have long claimed it to be?
This continual depreciation in the dollar’s purchasing power acts to counter any gains we’ve made in actual efficiency, i.e., more product output from less labour input, which is always ongoing and occurring in all our industries. More so than ever it would seem. Since while our ‘standard of living’, for most of us, at least, is still rising, our ‘cost of living’ is rising a whole lot faster. Or do you think that the exponential growth in the overall level of debt
So much so that the price of our basic necessities, let alone a lot of other products we also now need, continues to rise, rather than, as it should, continually fall, IN TERMS OF WHAT EACH OF US AS A CONSUMER HAS TO PAY FOR THEM OUT OF THE ‘PURCHASING POWER’ OF THE DOLLARS WE EARN, WHICH CONTINUES TO SHRINK.
Simply ‘getting MORE dollars’, (as in a pay increase, which only then flows through as an increased business ‘cost’ to be recovered by an increase in ‘price’, all too often one that WE then have to pay), just won’t cut it. It’s the ‘purchasing power’ of EACH dollar that should concern us, and those in charge of issuing our currency. Not changing paper to polymer to maintain their counterfeiting monopoly.
No body likes change.
The bills last longer, it survives the washer. It is harder to counterfeit.
I don’t not like it. Its just change.
I had an old friend of my dads tell me that the new bills were no good because they melted in the sun on the dash of the car. I said “How often do you leave money on the dash of your car?!?!”
Colour me reactionary…
Does the release of currency v3.0 require two different ceremonies? Tax dollars hard at work I guess.
I guess I am in the minority I like the new polymer notes and like the changes made and the colours
I hope they smell like maple syrup.
I love the new currency.
As far as depreciating in value, I do not recall a time when a dollar bought more than it did 10 year previously.
I do, however, recall many times when the same amount of the same kind of work bought more than it did 10 years previously. Not true for everything, but for some things it is.
Do I care how much a dollar buys? No.
Do I care how much an hour of work buys? Yup.
That would be better than smelling like driving through farm country in the Fraser Valley in the spring.
Gus – money is supposed to represent unit of labour in the ultimate sense.
If you don’t care what a dollar buys, then you can’t care about the other, because they are joined at the hip.
If you don’t like your plastic money I will take care of it ;)!!
@hartly 2
Only the 100’s smell like maple syrup. The new 10’s will smell like a Timmys double/double and the new 5’s will smell like the pulp mill.
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