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We got a new $5 bill
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| locodawg |
More interesting money coming our way ... Still find it cool the things they add to our currency to prevent conterfeiters.
New $5 aimed at counterfeiters
Nov. 15, 2006. 01:08 PM
TRACEY TYLER
STAFF REPORTER
The Bank of Canada is aiming for fewer fake fivers.
A new $5 bill went into circulation today with improved security features, including a new ghost-like image of Sir Wilfrid Laurier, Canada’s seventh prime minister, and a metal holographic stripe.
The changes have been made because counterfeiters are starting to target currency in lower denominations, said Monica Lamoureaux, a bank spokesperson.
“It’s a preventative measure,” she said. “We wanted to stay ahead of the counterfeiting curve.”
The most counterfeited notes are still $10 and $20 bills, which account for 80 per cent of fake Canadian currency in circulation.
Two years ago, the bank added enhanced security features to the $20, $50 and $100 bills.
Last year, it was the $10 bill’s turn.
The new $5 bill introduced today features:
A shiny, metallic, holographic stripe on the left side, near Sir Wilfrid’s ear. The stripe has maple leaves that move when the bill is turned.
A second, smaller, watermark of Laurier near the centre.
“Colour-shifting” thread, resembling a series of metallic dashes, which shift from gold to green when the note is shifted.
A “see-through” number. When the bill is held to light, irregular numbers on the front and back come together like a jigsaw puzzle to form a perfectly aligned number 5.
Lamoureaux said there were about 400,000 counterfeit Canadian bills in circulation in 2005, which had a total value of $9.4 million.
The face value of authentic Canadian money in circulation is $44 billion, she said. The counterfeits account for 0.02 per cent of the legitimate bills in use.
Source : The Star |
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| chinamon |
what they need to do is print currency on that sort of plastic material like mexico does.
maybe people will start counterfeiting on saran wrap? |
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| Abercrombie |
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| dallastar |
I got a countefeit 10 dollar bill last week, I tried using it at couple places, but no such luck until I went to Tim Hortons, they ok'd it!heheheheheh:D
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| *~LiSa-LoO~* |
| I love getting crisp new bills! |
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| psiico111 |
| Just so long as they don't make a $5 coin, you'd need a bloody wheelbarrow to carry your friggin' change around. |
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| dallastar |
| quote: | Originally posted by psiico111
Just so long as they don't make a $5 coin, you'd need a bloody wheelbarrow to carry your friggin' change around. |
so true! last night I counted my change! I had 30 dollars in toonies and loonies! Yikes! it does weigh a lot in the purse/pocket! |
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| dallastar |
| damnit trigger happy dal here! |
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| Abercrombie |
| quote: | Originally posted by psiico111
Just so long as they don't make a $5 coin, you'd need a bloody wheelbarrow to carry your friggin' change around. |
I need already. Sometimes it feels like I'm lugging around another nutsack. |
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| vendetta999 |
in all honesty...its really sad that we need to continiously come out with new bills.
i work at TD and you have NO IDEA how often we get counterfeit cash in. 5 bucks here and there makes a huge difference when we're counting up our losses at the end of the month.
how many times have you guys had a problem trying to spend a 50 at a store? no one wants them anymore. forget about trying the 100s.
and then on the other hand...this past summer i ended up taking a 500 euro note to france....the very first place i tried to spend it, they took it without any hesitation. and it was only for something like a 30 euro purchase.
go figure. europe > canada. |
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| Dr. DAS |
Seems to me that we just replaced our $5 bills a few years ago, from the kingfisher to the kids playing hockey. Now they're changing the bill again? Anyone else wonder how much money it cost the mint to put two sets of the same bill out in circulation in a few years?
Research, printing, shipping, salaries, gas, hydro...makes you wonder. |
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| Chris Allen |
| quote: | Originally posted by dallastar
I got a countefeit 10 dollar bill last week, I tried using it at couple places, but no such luck until I went to Tim Hortons, they ok'd it!heheheheheh:D
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Hurray for keeping counterfeit money in circulation :rolleyes: |
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