Canada's plastic $20 bill released

Nov. 7, 2012 at 10:57 AM

OTTAWA, Nov. 7 (UPI) -- The demise of Canadian paper $20 bills began Wednesday as the country's central bank began distributing high-tech polymer notes.

More than 800 million of the $20 green paper bills are in circulation, the country's most-used currency, the Toronto Sun said.

Bank of Canada spokeswoman Julie Girard told the Sun the plastic-based bills would be phased in over a 2-year span to allow "people to be comfortable with them."

She said banks and owners and operators of some 500,000 automated banking machines were given notice of the transition to plastic-based bills in 2009.

Last year, plasticized $50 and $100 bills went into circulation. By the end of 2013, the central bank will begin introducing similar $10 and $5 bills, the report said.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
'Serial stowaway' arrested again at Chicago's O'Hare, Midway airports
Maine man dead after shooting firework off head, police say
Greeks vote overwhelmingly to reject creditors' bailout
Third disturbance in four days erupts at Arizona prison
Two killed by police gunfire in 2 separate Central Texas shootings