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A history of Canadian bank notes Add to ...

2004 marked a record high for counterfeit bank notes in Canada with approximately 470 fake notes for every million real ones in circulation. That same year, RCMP pulled over a grey Hyundai on an Ontario highway and discovered a trail that led them to the biggest counterfeiting ring in Canadian history. That bust combined with the ever-growing counterfeit ratio (many G20 nations set 50 parts-per-million as the number to stay below) caused the Bank of Canada to make the most drastic change to Canadian bank notes yet. <p>The new polymer currency, with its first edition (the $100 bill) now in circulation, marks only the seventh time our bank notes have changed since they were first introduced in 1935. Here&rsquo;s a look at the previous bank note series Canada has had. </p>



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