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Plastic Money to Replace Paper Currency in Canada

By March 5, 2010

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Canada is trading in its paper currency for plastic. No, not credit cards, actual plastic money.

Sometime late in 2011, the Bank of Canada will replace the nation's traditional cotton-and-paper bank notes with currency made from a synthetic polymer. Canada will purchase its plastic money from a company in Australia, one of nearly two dozen countries where plastic currency is already in circulation.

Plastic money lasts anywhere from two to five times longer than paper money, performs better in vending machines, and is harder to counterfeit. And unlike paper currency, plastic money doesn't shed tiny bits of ink and dust that can disable ATMs by confusing their optical readers.

Plastic money also stays cleaner and becomes less grubby than paper money, because the non-porous surface doesn't absorb perspiration, body oils, or liquids. In fact, the plastic money is virtually waterproof, so the bills won't be ruined if they are left in a pocket by mistake and end up in the washing machine. Actually, plastic money can take a lot of abuse. You can bend and twist plastic currency without damaging it.

The new plastic money is also less likely to spread disease, because it's harder for bacteria to cling to the slick, non-absorbent surface.

Canada will also pay less for its new plastic money. While the plastic bank notes cost more to print than their paper equivalents, their longer life means Canada will end up printing far fewer bills and save a substantial amount of, well, money in the long run.

All in all, it looks like plastic money is good for the government and good for consumers. Even the environment could end up cashing in on the trend toward plastic currency. It turns out plastic money can be recycled and used to manufacture other plastic products such as compost bins and plumbing fixtures.

Yet, the benefits of recycling are not exclusive to plastic money. For the past several years, various companies have been recycling worn out paper currency and using the recycled material in products ranging from pencils and coffee mugs to, ironically and appropriately, piggy banks.

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Comments

March 9, 2010 at 8:16 pm
(1) A friend says:

what good does that do?

March 12, 2010 at 10:52 am
(2) Riley says:

The guy literally just listed 10 good things that it does.

March 12, 2010 at 2:13 pm
(3) Friend says:

dude plastic is killing the enviroment cuz they dispose of it in the ocean what good does that do!?!?!?!

March 12, 2010 at 10:29 pm
(4) Rockmonster1 says:

Another use for our oil supplies. Good we have too much of that….

March 13, 2010 at 7:47 pm
(5) Chris mcmartin says:

REALLY – when as paper paying TAX PAYERS DID WE VOTE THIS IN , it may save paper , but what about all those machines and the gas and time on the envoriment to update all those machines , we have been fine with this -
HOW ABOUT YOU JUST FIX CANDA FIRST AND OUR JOBS
HOMELESS ,SICK KIDS AND SO ON << WHEN DID WE VOTE THIS IN ,, AGAIN I ASK
free country – sure

November 18, 2011 at 5:50 pm
(6) babette says:

I absolutely agree with you on every point.

As always, we aren’t asked. We are just told.

The globalists/NWO have some alterior motive for this plastic money, of that you can be sure.

Regards,
b

March 15, 2010 at 11:35 am
(7) AJ Schott says:

Although I don’t expect recycled money to make a big impact on the environment; many other recycled plastic products (especially in the post-industrial phase) can help keep plastic consumables down.

March 16, 2010 at 12:06 am
(8) Katie says:

Is the plastic money going to be MADE from recycled plastic? A synthetic polymer is mentioned, so perhaps recycled PET bottles could be used. I doubt it though, because that wouldn’t let the oil co’s make money off of making this money.
Exactly what type of plastic will be used? Some plastics, such as vinyl (which is quite malleable, and so may be considered) release Volatile Organic Compounds even at room temperature.
And as for the plastic money being “less likely to spread disease”, let’s wash our hands people! Coins are non-porous but your hands are still dirty after handling them.
Let’s educate ourselves and lose our dependency and addiction for plastic!

March 17, 2010 at 3:45 pm
(9) anon says:

The article falsely claims that Canada currently has paper money. This is not true. Our money is made of cotton fibres.

October 12, 2010 at 1:43 am
(10) Random Person says:

I can’t see how making our money out of plastic can really be that much healthier and safer for the environment and the Canadian people than an unlimited resource like cotton. Lets not forget, the money is coming from Australia, and its not even a Canadian company making the plastic. I’m not for non-Canadian plastic money.

January 22, 2011 at 10:37 pm
(11) Lol says:

The real reason for this is so when they have inflated our money to nothing and it’s only worth the paper (plastic) it’s printed on. You won’t even be able to burn your bills to keep warm. Have fun freezing to death everyone.

November 19, 2011 at 12:02 am
(12) babette says:

Yep. Money, whether made of cotton fibre or plastic will be made worthless soon and Canada’s real estate is due for a “correction, sir!”

We sure do live in interesting times…

March 25, 2011 at 3:18 pm
(13) pat cormack says:

Problems that have happened in Australia re Plastic money,

Sticks together when wet.
If the money is folded the crease will last forever.
Hopeless when trying to insert in vendoring machines.
Can slip up the back of cash register trays.

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