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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 The $2 note was withdrawn in 1996 and replaced by the $2 coin, known as the toonie. The $1,000 note was withdrawn by the Bank of Canada on 12 May 2000, at the request of the Royal Canadian Mounted Police (RCMP) as part of a program to reduce organized crime. [18]
A commemorative 10 dollar banknote, with a circulation of 50 million, was issued for Canada's 150th anniversary on 1 June 2017. It is of the same polymer material and purple colour of the standard Frontier series $10 banknote, but contains a unique design that includes four portraits of important historical Canadian figures.
The primary impetus for the new banknotes was "the need to stay ahead of counterfeiters". [2] [3] By 2002, 10% of retailers in some parts of Canada refused to accept the $100 banknotes of the 1986 Birds of Canada series in financial transactions, [4] and by 2004, the counterfeit ratio for Canadian currency had risen to 470 parts per million (ppm). [5]
The note's design and change of material to a polymer (plastic) paper, for longevity and counterfeit prevention, was first announced on 10 March 2011. On 20 June 2011, Bank of Canada governor Mark Carney and Finance Minister Jim Flaherty unveiled the new $100 notes. [2] The previous 100-dollar note is dominantly brown in colour.
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The Canadian twenty-dollar note is one of the most common banknotes of the Canadian dollar; it is the primary banknote dispensed from Canadian automated teller machines (ATMs). The newest version, the Frontier Series polymer note, was released to the general public on November 7, 2012, replacing the banknote from the Canadian Journey Series .
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