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New $20 Bill Means More Plastic In Your Wallet

CP  |  By Posted: 05/ 2/2012 11:58 am Updated: 05/ 2/2012 3:42 pm

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OTTAWA - Soon you'll have even more plastic in your wallet. The Bank of Canada unveiled the new $20 polymer bank note Wednesday that will replace the current paper-cotton bills.

Gone from the back of the bill are the depictions of Canadian artist Bill Reid's sculptures Raven and the First Men and The Spirit of Haida Gwaii. In their place are the Canadian National Vimy Memorial and clusters of red poppies.

The Queen remains on the front of the bill. But instead of looking off to the right as she does on the paper $20, the new bill has her face placed squarely in the centre of the note, her brow slightly furrowed, staring the money holder in the eye.

The new $20 has all the same security features as the $50 and $100 bills already in circulation.

The current $20 is Canada's most-counterfeited bill. The RCMP says of the 52,239 counterfeit bank notes passed last year, 25,039 of them were $20s.

These new polymer bills are more durable and harder to fake than paper money.

The Conservative government announced in its 2010 budget that Canada would be switching to synthetic bills.

Bank of Canada Governor Mark Carney and Finance Minister Jim Flaherty unveiled the new bill in Ottawa.

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  • The New $5 Bill

    Source: <a href="http://www.flickr.com/photos/bankofcanada/8693039417/sizes/c/in/photostream/" target="_blank">Bank Of Canada, Flickr</a>

  • The New $5 Bill

    From <a href="http://www.flickr.com/photos/bankofcanada/8694157272/in/photostream" target="_blank">Bank Of Canada, Flickr</a>: "Robotics innovation is Canada’s ongoing contribution to the international space program and demonstrates our commitment to space exploration. The Canadian-built Mobile Servicing System is the sophisticated robotics suite that helped to assemble the International Space Station in orbit. This system consists of Canadarm2, Dextre and the Mobile Base. On board the space station—a permanent orbiting research laboratory—international partners conduct scientific experiments, many of which result in an enhanced quality of life on earth. Canada’s contribution to the space program evokes pride and sparks the imagination and curiosity of our future leaders in science and technology."

  • The New $10 Bill

    Source: <a href="http://www.flickr.com/photos/bankofcanada/8693039429/sizes/c/in/photostream/" target="_blank">Bank Of Canada, Flickr</a>

  • The New $10 Bill

    From <a href="http://www.flickr.com/photos/bankofcanada/8693039423/in/photostream" target="_blank">Bank Of Canada, Flickr</a>: "The expansion of the railway in the 1880s was hailed as a remarkable feat of engineering for a young country with a varied and often treacherous terrain. At the time, the railway was the longest ever built, and its completion demonstrated Canada’s pioneering spirit by linking our eastern and western frontiers, connecting people, and facilitating the exchange of goods. Today, The Canadian train, winding its way through the Rockies showcases Canada’s natural beauty and symbolizes what we accomplished as a young nation."

  • The New $5 And $10 Bills

    Bank of Canada governor Mark Carney unveils the new polymer $5 and $10 bank notes during a press conference at the Bank of Canada in Ottawa on Tuesday, April 30, 2013.

  • The New $5 And $10 Bills

    Finance Minister Jim Flaherty unveils the new polymer $5 and $10 bank notes during a press conference at the Bank of Canada in Ottawa on Tuesday, April 30, 2013.

  • The New $10 Bill

    A new polymer $10 bank note is displayed during a press conference at the Bank of Canada in Ottawa on Tuesday, April 30, 2013.

  • Astronaut Chris Hadfield Displays The New $5 Bill

    Astronaut Chris Hadfield poses for a photo with a new polymer $5 bank note on Tuesday, April 30, 2013.

  • Twitter reaction to plastic money

  • Twitter reaction to plastic money

  • Twitter reaction to plastic money

  • Twitter reaction to plastic money

  • Twitter reaction to plastic money

  • Joel Klebanoff

    New $5 and $10 bills are being launched. All of our bills are going plastic. Why does that bring the film The Graduate to my mind?

  • Andrew Coyne

    Even that would be better. @InklessPW: Wells designs new bills. What'll we put on the 5? Oscar Peterson. The 10? Peterson. 20? Glenn Gould

  • Cory S.

    Wait so there's no more quote from the Hockey Sweater on the new $5 bills? #manifencours

  • Tabatha Southey

    New bills should be 5 pin bowling for the $5, a Robertson screwdriver for the $10, a Canadian flag, draped over a picnic bench on the backs.

  • LauraBeaulneStuebing

    Theory about the new $5 and $10 bills: They're ugly enough that we don't want to keep them in our wallets.

  • Paul Wells

    Paul Wells designs the new bills. "What'll we put on the 5?" "Oscar Peterson." "And on the 10?" "Oscar Peterson." "20?" "Glenn Gould."

  • Wesley Fok

    Was expecting the new $5/$10 bills to literally have pictures of poop on them, based on the outcry. Surprise: they look like money!

  • Patrick Meehan

    Q: You're the federal government, what do you put on the new 5$ and 10$ bills? A: Things you've cut funding to. http://t.co/jqT3BLmENc

  • Jason Rehel

    Everyone is pretty damn hung up on the AESTHETICS of the new $5 and $10 bills in Canada. Me? I'd like money that WORKS in vending machines

  • Brittlestar

    @Cmdr_Hadfield Dude, with all the stuff you’ve had up there (guitars, Easter eggs, new $5 bills), how BIG was your suitcase?

  • The New $20 Bill

    Hand holding up the new polymer Canadian $20.00 bill.

  • The New $20 Bill

    Some new polymer twenty dollar bills, which is the most widely used bank note in the country, are pictured at Montreal on November 19, 2012.

  • The New $20 Bill

    The Bank of Canada introduced the plastic see-through $20 bill on May 2, 2012.

  • The New $50 Bill

    Bank of Canada Governor Mark Carney holds a new $50 bill while standing in front of the Canadian Coast guard ship Amundsen Monday, March 26, 2012 in Quebec City. The Amundsen is displayed on the back of the new bank note made of polymer.

  • The New $100 Bill

    Bank of Canada Mark Carney shows off the bank's new circulating $100 bill, Canada's first polymer bank note, in Toronto on Monday Nov. 14, 2011.

  • The New $100 Bill

    The $100 bill was the first of Canada's paper denominations to go plastic and see-through.

  • Australia's polymer note

    An Australian 100 dollar polymer note is displayed above various international currencies. AFP PHOTO / Torsten BLACKWOOD

  • Australia's polymer note

    AFP PHOTO / Torsten BLACKWOOD

  • Mexico's polymer note

    A Mexican pesos note made out of polymer material. Alfredo Estrella/AFP/Getty Images

  • Mexico's polymer note

    Mexico City, MEXICO: A sample of the new 50 Mexican pesos' note made out of polymer material to hinder its forgery, 14 November, 2004 in Mexico City. AFP PHOTO/Alfredo ESTRELLA (Photo credit should read ALFREDO ESTRELLA/AFP/Getty Images)

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OTTAWA - Soon you'll have even more plastic in your wallet. The Bank of Canada unveiled the new $20 polymer bank note Wednesday that will replace the current paper-cotton bills.Gone from the back of t...
OTTAWA - Soon you'll have even more plastic in your wallet. The Bank of Canada unveiled the new $20 polymer bank note Wednesday that will replace the current paper-cotton bills.Gone from the back of t...
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HUFFPOST SUPER USER
tooldude
94 Fans
04:37 PM on 05/02/2012
Too much static in the 50s and 100s, they tend to stick together.
Permalink  |
compro01
Conservatism : Policy-based evidence making
118 Fans
 
11:06 AM on 05/04/2012
Do you have 0% humidity there? I routinely have a dozen 50s in my wallet and I've never noticed them getting stuck together.
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Lucas Araujo
0 Fans
04:04 PM on 05/02/2012
The queen doesn't look very happy...
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HUFFPOST SUPER USER
jamster88
60 Fans
 
03:48 PM on 05/02/2012
Blah blah blah, BLAME HARPER ...

Blah blah blah 'conservatives rape babies' ...

... enter standard thoughtless HP comments here ...
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HUFFPOST SUPER USER
the3rdmuskateer
69 Fans
03:08 PM on 05/02/2012
Well that's environmentally friendly.
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HUFFPOST SUPER USER
Imma Okay
37 Fans
04:18 PM on 05/02/2012
I wonder if it actually is.
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HUFFPOST SUPER USER
the3rdmuskateer
69 Fans
09:43 PM on 05/02/2012
well, from what i've read,

"A $100 bill costs $0.19 to manufacture, compared to $0.10 that a paper $100 bill cost. The difference is it will last 2.5 times longer, saving money in the long run. When they are taken out of circulation, they can be recycled into other products. The longer viable lifespan, coupled with a greener alternative at the end of that lifespan, are supposed to make these bills greener."

So it's supposed to make the bills greener, but they aren't really sure, but the biggest part as that they are cheaper to make.
Guess that sums everything up.
Permalink  |
Fletch55
229 Fans
03:04 PM on 05/02/2012
I hope the US does not follow suit. Our newest bills already look like crap and all that monopoly color is too mcuh.
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compro01
Conservatism : Policy-based evidence making
118 Fans
 
03:24 PM on 05/02/2012
You have politicians screaming and flailing over expanding use of a dollar coin.

I think it's safe to say you'll be sticking with cotton in green monochrome for the foreseeable future.
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HUFFPOST SUPER USER
audioscapist
23 Fans
04:25 PM on 05/02/2012
the "monopoly color" comment always gives me a laugh... the US is the only country I've ever been to with monochromatic money, yet they seem to expect the rest of the world would be "the same."
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Locavore2012
18 Fans
02:28 PM on 05/02/2012
The transparent section with the Queen's head on top of it kind of looks like a pair of legs wearing chaps, cowboy boots and spurs. I wonder if Calgary's gay community will appreciate the picture of the "cowboy Queen" on the new $20 bill?
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HUFFPOST SUPER USER
JeanFrancois Lord
52 Fans
01:56 PM on 05/02/2012
Hope they fixed that ripping issue.
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