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Canadian Money Going Plastic

Pretty soon if you’re paying with plastic, you won’t necessarily be using a credit card.

The Bank of Canada announced recently that it will be issuing plastic currency, following a model that has worked in Australia, according to the CBC. The new bills are still fairly paper-like, but they’re made with plastic fibers that allow the bills to last longer and make them harder to counterfeit.

Sounds like a pretty good idea, and just another example of Canada’s foresight in North America when comes to currency. One-dollar and two-dollar coins (loonies and twonies, as they’re known), are fantastic when you’re feeding the parking meter or using a vending machine. It’s ridiculous that we haven’t successfully introduced such coins into U.S. currency.

And that ends my currency rant.

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Victor - who has written 269 posts on Canadian of the Week.


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