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Bank of Canada unveils new $5 and $10 bills


May 1, 2013
By administrator

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May 1, 2013, Ottawa – Canada’s new $5 and $10 polymer bank notes were unveiled yesterday at the Bank of
Canada’s Ottawa head office, and from aboard the International Space
Station.

May 1, 2013, Ottawa – Canada’s new $5 and $10 polymer bank notes were unveiled yesterday at the Bank of
Canada’s Ottawa head office, and from aboard the International Space
Station. Both of the new notes will begin circulating, at the same time,
this November.

Jim Flaherty, Minister of Finance, Mark Carney, Bank of Canada governor,
and Paul G. Smith, chairman of the board at Via Rail Canada, were
joined via satellite by Canadian Space Agency astronaut Chris Hadfield, commander of the International Space Station, to unveil these final two
notes in the new polymer series.

The new $5 and $10 notes will carry the same security
features as the $20, $50 and $100 polymer notes already in circulation.
Featuring transparency and holography, the Bank of Canada says
this is the most secure bank note series ever issued. The polymer series is more economical, lasting at least
two and half times longer than cotton-based paper bank notes, and will
be recycled in Canada.

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While orbiting more than 350 kilometres above Earth, Hadfield gave Canadians their first look at the new $5 polymer note. It
features images of Canadarm2 and Dextre – robotics
innovations used to build and maintain the space station.
The front of the $5 note features a portrait of Sir Wilfrid Laurier, Prime Minister of Canada from 1896 to 1911.

Smith unveiled the new $10 polymer note at
the Bank of Canada. The new $10 note features an image of The Canadian
train journeying through the Rocky Mountains.
A portrait of Sir John A. Macdonald, who was Prime Minister of Canada
(1867-1873, 1878-1891) at the time of the railway completion, is
featured on the front of the note.

Over the months leading up to the issuance of these notes in November
2013, the Bank of Canada says will continue to work closely with financial
institutions, manufacturers of bank-note-handling equipment and
retailers to ensure a smooth transition. Businesses that use
note-handling and processing equipment are encouraged to contact their
suppliers about machine compatibility and plans for upgrades.